Kirloskar Industries (BOM:500243) ROCE % : 8.93% (As of Dec. 2023)

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What is Kirloskar Industries 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. Kirloskar Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.93%.

Kirloskar Industries ROCE % Historical Data

The historical data trend for Kirloskar Industries'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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Kirloskar Industries ROCE % Chart

Kirloskar Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.95

12.06

18.71

16.10

13.98

Kirloskar Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															16.25	12.61	11.64	9.02	8.93

Kirloskar Industries ROCE % Calculation

Kirloskar Industries's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	7495	/	( ( (67859.2 - 19449.9)	+	(75332.3 - 16498.6) )	/ 2 )
	=	7495	/	( (48409.3	+	58833.7)	/ 2 )
	=	7495	/	53621.5
	=	13.98 %

Kirloskar Industries's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	7122.8	/	( ( (89438.1 - 9698.4)	+	(0 - 0) )	/ 1 )
	=	7122.8	/	( ( 79739.7	+	0 )	/ 1 )
	=	7122.8	/	79739.7
	=	8.93 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Kirloskar Industries (BOM:500243) 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.

Kirloskar Industries ROCE % Related Terms

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Kirloskar Industries (BOM:500243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kirloskar Industries Ltd (BOM:500243) » Definitions » ROCE %

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KIRLOSIND:India

Address

Cello Platina, Fergusson College Road, Office No. 801, 8th Floor, Shivajinagar, Pune, MH, IND, 411005

Website

https://www.kirloskarindustries.com

Kirloskar Industries Ltd is engaged in the manufacturing of iron castings. The company is also involved in wind power generation and Investments in Securities and Properties. Its segments include Windpower generation, Investments, Real Estate, Iron casting, Tube and Steel. ,It generates maximum revenue from iron castings. Geographically, it operates and derives revenue from India.

Kirloskar Industries (BOM:500243) Headlines

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