Everest Kanto Cylinder (NSE:EKC) ROCE % : 16.42% (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Everest Kanto Cylinder 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. Everest Kanto Cylinder's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.42%.

Everest Kanto Cylinder ROCE % Historical Data

The historical data trend for Everest Kanto Cylinder'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.

* Premium members only.

Everest Kanto Cylinder ROCE % Chart

Everest Kanto Cylinder Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

9.55

8.20

25.52

45.72

10.52

Everest Kanto Cylinder 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															-5.34	14.95	11.54	11.63	16.42

Everest Kanto Cylinder ROCE % Calculation

Everest Kanto Cylinder'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 )
	=	1051.871	/	( ( (12905.986 - 3415.439)	+	(13727.707 - 3213.831) )	/ 2 )
	=	1051.871	/	( (9490.547	+	10513.876)	/ 2 )
	=	1051.871	/	10002.2115
	=	10.52 %

Everest Kanto Cylinder'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 )
	=	1796.8	/	( ( (13587.4 - 2641.6)	+	(0 - 0) )	/ 1 )
	=	1796.8	/	( ( 10945.8	+	0 )	/ 1 )
	=	1796.8	/	10945.8
	=	16.42 %

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

Everest Kanto Cylinder (NSE:EKC) 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.

Everest Kanto Cylinder ROCE % Related Terms

Thank you for viewing the detailed overview of Everest Kanto Cylinder's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Everest Kanto Cylinder (NSE:EKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Everest Kanto Cylinder Ltd (NSE:EKC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

532684:India

Address

Free Press Journal Marg, 204, Raheja Centre, 214, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.everestkanto.com

Everest Kanto Cylinder Ltd manufactures and fabricates metal products, except machinery and equipment. The firm is also engaged in the manufacture of high-pressure seamless gas cylinders and other cylinders, equipment, appliances, and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and other gases, liquids, and air. Its products include Industrial Cylinders, Billet Cylinder, Plate Cylinder, compressed natural gas (CNG) Cylinders, Breathing Air Cylinder, Medical Cylinders, Beverage Cylinders, and Accumulators. The company also offers a range of allied products, such as Cylinder Valves, Valve Protection Guards; Protection Caps, Trolleys, Medical Equipment, seamless cylinders for fire-fighting. Most of its revenue comes from India.

Everest Kanto Cylinder (NSE:EKC) Headlines

No Headlines