Hit Kit Global Solutions (BOM:532359) ROCE % : -140.60% (As of Mar. 2024)

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What is Hit Kit Global Solutions ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Hit Kit Global Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was -140.60%.

Hit Kit Global Solutions ROCE % Historical Data

The historical data trend for Hit Kit Global Solutions's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hit Kit Global Solutions ROCE % Chart

Hit Kit Global Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.14

0.12

-1.30

0.05

-32.12

Hit Kit Global Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.30	0.19	-6.46	0.10	-140.60

Hit Kit Global Solutions ROCE % Calculation

Hit Kit Global Solutions's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-27.164	/	( ( (103.084 - 7.048)	+	(75.689 - 2.558) )	/ 2 )
	=	-27.164	/	( (96.036	+	73.131)	/ 2 )
	=	-27.164	/	84.5835
	=	-32.12 %

Hit Kit Global Solutions's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-102.824	/	( ( (0 - 0)	+	(75.689 - 2.558) )	/ 1 )
	=	-102.824	/	( ( 0	+	73.131 )	/ 1 )
	=	-102.824	/	73.131
	=	-140.60 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Hit Kit Global Solutions (BOM:532359) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Hit Kit Global Solutions (BOM:532359) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Hit Kit Global Solutions Ltd (BOM:532359) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off LinkRoad, Office No. 142, 1st Floor, Evershine Mall, Malad (West), Mumbai, MH, IND, 400064

Website

http://www.hitkitglobal.com

Hit Kit Global Solutions Ltd is an Indian-based company that engages in the retail trading of vegetables in the market that comes directly from the Farm.

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