Kothari Products (BOM:530299) ROCE % : 4.01% (As of Mar. 2024)

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What is Kothari Products 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. Kothari Products's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.01%.

Kothari Products ROCE % Historical Data

The historical data trend for Kothari Products'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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Kothari Products ROCE % Chart

Kothari Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.02

-1.02

3.33

1.68

3.08

Kothari Products 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															0.12	4.64	0.57	3.05	4.01

Kothari Products ROCE % Calculation

Kothari Products'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 )
	=	395.4	/	( ( (14794.8 - 1777.8)	+	(13329.1 - 698.5) )	/ 2 )
	=	395.4	/	( (13017	+	12630.6)	/ 2 )
	=	395.4	/	12823.8
	=	3.08 %

Kothari Products'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 )
	=	506.8	/	( ( (0 - 0)	+	(13329.1 - 698.5) )	/ 1 )
	=	506.8	/	( ( 0	+	12630.6 )	/ 1 )
	=	506.8	/	12630.6
	=	4.01 %

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

Kothari Products (BOM:530299) 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.

Kothari Products ROCE % Related Terms

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Kothari Products (BOM:530299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kothari Products Ltd (BOM:530299) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KOTHARIPRO:India

Address

24/19, The Mall, Pan Parag House, Kanpur, UP, IND, 208001

Website

https://www.kothariproducts.in

Kothari Products Ltd is an Indian company that engages in international trade, real estate ventures, and investment in securities. It operates through the trading items and real estate segments. The trading items segment which accounts for the majority revenue of the firm engages in the import and export trade of agro-based commodities, minerals, metals, petroleum products, coal, tiles, notebooks, copier paper, steel, scrap, and polyvinyl chloride plastics. The real estate segment invests in residential and commercial properties.

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