Kalyani Forge (NSE:KALYANIFRG) ROCE % : 9.94% (As of Dec. 2023)

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What is Kalyani Forge 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. Kalyani Forge's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.94%.

Kalyani Forge ROCE % Historical Data

The historical data trend for Kalyani Forge'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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Kalyani Forge ROCE % Chart

Kalyani Forge Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.18

-3.59

0.50

6.45

7.07

Kalyani Forge 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															16.58	11.06	10.26	7.48	9.94

Kalyani Forge ROCE % Calculation

Kalyani Forge'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 )
	=	78.63	/	( ( (1834.538 - 739.572)	+	(2058.091 - 928.276) )	/ 2 )
	=	78.63	/	( (1094.966	+	1129.815)	/ 2 )
	=	78.63	/	1112.3905
	=	7.07 %

Kalyani Forge'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 )
	=	135.72	/	( ( (2370.151 - 1005.029)	+	(0 - 0) )	/ 1 )
	=	135.72	/	( ( 1365.122	+	0 )	/ 1 )
	=	135.72	/	1365.122
	=	9.94 %

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

Kalyani Forge (NSE:KALYANIFRG) 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.

Kalyani Forge ROCE % Related Terms

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Kalyani Forge (NSE:KALYANIFRG) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kalyani Forge Ltd (NSE:KALYANIFRG) » Definitions » ROCE %

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513509:India

Address

Shangrila Gardens, 1st Floor, C Wing, Opposite Bund Garden, Pune, MH, IND, 411 001

Website

https://www.kalyaniforge.co.in

Kalyani Forge Ltd is an engineering company. The company is engaged in providing forged, machined components and assembled products. It serves industries such as automotive, construction, mining, infrastructure, power, marine, railways, agriculture and other industries. The company's product includes Engine Parts, Chassis System, Turbocharger, Transmission, Driveline, and Steering and Suspension. It services include Hot Forging, Cold and Warm Forging, Precision Machining and Finishing, Heat Treatment, Die Manufacturing, and others.

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