Kahan Packaging (BOM:543979) ROCE % : 37.23% (As of Mar. 2023)

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What is Kahan Packaging 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. Kahan Packaging's annualized ROCE % for the quarter that ended in Mar. 2023 was 37.23%.

Kahan Packaging ROCE % Historical Data

The historical data trend for Kahan Packaging'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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Kahan Packaging ROCE % Chart

Kahan Packaging Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

13.94

15.60

18.57

37.23

Kahan Packaging Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	13.94	15.60	18.57	37.23

Kahan Packaging ROCE % Calculation

Kahan Packaging'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 )
	=	18.275	/	( ( (97.515 - 62.323)	+	(144.934 - 81.943) )	/ 2 )
	=	18.275	/	( (35.192	+	62.991)	/ 2 )
	=	18.275	/	49.0915
	=	37.23 %

Kahan Packaging's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	18.275	/	( ( (97.515 - 62.323)	+	(144.934 - 81.943) )	/ 2 )
	=	18.275	/	( ( 35.192	+	62.991 )	/ 2 )
	=	18.275	/	49.0915
	=	37.23 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Kahan Packaging (BOM:543979) 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.

Kahan Packaging ROCE % Related Terms

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Kahan Packaging (BOM:543979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Kahan Packaging Ltd (BOM:543979) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

212, Jhalawar Service Premises, E S Patanwalla Compound, Opp. Shreyas Talkies, L.B.S.Marg, Ghatkopar - West, Mumbai, MH, IND, 400086

Website

https://www.kpackltd.com

Kahan Packaging Ltd is a company in the business of manufacturing and supply of Polypropylene / High Density Polyethylene, HDPE Woven Fabric- Laminated, HDPE/PP woven sacks, Woven Fabric- UnLaminated, PP Woven Bag, PP Woven Bag with Liner, Printed Laminates for Flexible Packaging, woven polymer based products of different weight, sizes and colors as per customer's specifications. It offers customized bulk packaging solutions to business-to business (B2B) manufacturers catering to different industries such as Agro Pesticides Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry.

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