Kirloskar Ferrous Industries (BOM:500245) ROCE % : 18.12% (As of Dec. 2023)

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What is Kirloskar Ferrous 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 Ferrous Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.12%.

Kirloskar Ferrous Industries ROCE % Historical Data

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

Kirloskar Ferrous Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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22.10

19.33

35.00

24.82

20.53

Kirloskar Ferrous 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															23.60	19.92	18.34	16.63	18.12

Kirloskar Ferrous Industries ROCE % Calculation

Kirloskar Ferrous 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 )
	=	7071.3	/	( ( (53143.5 - 20281.7)	+	(54815.1 - 18796.7) )	/ 2 )
	=	7071.3	/	( (32861.8	+	36018.4)	/ 2 )
	=	7071.3	/	34440.1
	=	20.53 %

Kirloskar Ferrous 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 )
	=	7098	/	( ( (58090.7 - 18927.5)	+	(0 - 0) )	/ 1 )
	=	7098	/	( ( 39163.2	+	0 )	/ 1 )
	=	7098	/	39163.2
	=	18.12 %

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

Kirloskar Ferrous Industries (BOM:500245) 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 Ferrous Industries ROCE % Related Terms

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Kirloskar Ferrous Industries (BOM:500245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kirloskar Ferrous Industries Ltd (BOM:500245) » Definitions » ROCE %

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Address

13, Laxmanrao Kirloskar Road, Khadki, Pune, MH, IND, 411003

Website

https://www.kirloskarferrous.com

Kirloskar Ferrous Industries Ltd is an India-based company that is engaged in manufacturing pig iron and gray iron castings. The Company's pig iron and casting products are used in various industries, such as automotive engineering, infrastructure and construction, agriculture, manufacturing, textile mills and steel industries. Its manufacturing plants are located in Bevinahalli village in Koppal district of Karnataka state and Solapur district of Maharashtra state. Its segments include Casting, Tube, and Steel of which it generates the majority of its revenue from the Casting segment.

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