Kaya (NSE:KAYA) ROCE % : 3.21% (As of Dec. 2023)

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What is Kaya 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. Kaya's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.21%.

Kaya ROCE % Historical Data

The historical data trend for Kaya'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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Kaya ROCE % Chart

Kaya Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-8.71

-8.37

-11.43

-30.33

-58.52

Kaya Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-31.86	-35.22	-141.33	-11.27	3.21

Kaya ROCE % Calculation

Kaya'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 )
	=	-838.426	/	( ( (3609.944 - 1957.643)	+	(3699.595 - 2486.375) )	/ 2 )
	=	-838.426	/	( (1652.301	+	1213.22)	/ 2 )
	=	-838.426	/	1432.7605
	=	-58.52 %

Kaya'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 )
	=	27.972	/	( ( (3631.652 - 2760.151)	+	(0 - 0) )	/ 1 )
	=	27.972	/	( ( 871.501	+	0 )	/ 1 )
	=	27.972	/	871.501
	=	3.21 %

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

Kaya (NSE:KAYA) 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.

Kaya ROCE % Related Terms

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Kaya (NSE:KAYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kaya Ltd (NSE:KAYA) » Definitions » ROCE %

Comparable Companies

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539276:India

Address

Mahakali Caves Road, 23/C, Mahal Industrial Estate, Near Paperbox Lane, Andheri (East), Mumbai, MH, IND, 400 093

Website

https://www.kaya.in

Kaya Ltd is an Indian company engaged in the sale of skincare and hair care products and services. The company carries out the skincare business through Kaya skin clinics which offer solutions using scientific dermatological procedures and products. It provides healthcare aesthetics, beauty and personal care products and services that include medical services through various types of equipment, such as surgical lasers, skin treatment appliances, and equipment and appliances for the treatment of acne. Skincare services include Pigmentation Reduction System, Age Arrest System, Kaya Hair Free Gentle Touch, Kaya Bridal and Beauty Facial. Substantial revenue accrues from the Middle East. It has one business segment i.e. Sale of skin care and hair care products and services.

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