KEC International (BOM:532714) ROCE % : 25.34% (As of Dec. 2023)

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What is KEC International 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. KEC International's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.34%.

KEC International ROCE % Historical Data

The historical data trend for KEC International'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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KEC International ROCE % Chart

KEC International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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34.89

34.66

29.31

17.76

15.98

KEC International 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															15.30	21.79	18.42	21.66	25.34

KEC International ROCE % Calculation

KEC International'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 )
	=	6950.2	/	( ( (163417.7 - 121031.3)	+	(186685.5 - 142090.2) )	/ 2 )
	=	6950.2	/	( (42386.4	+	44595.3)	/ 2 )
	=	6950.2	/	43490.85
	=	15.98 %

KEC International'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 )
	=	11402.8	/	( ( (195383.7 - 150387.5)	+	(0 - 0) )	/ 1 )
	=	11402.8	/	( ( 44996.2	+	0 )	/ 1 )
	=	11402.8	/	44996.2
	=	25.34 %

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

KEC International (BOM:532714) 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.

KEC International ROCE % Related Terms

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KEC International (BOM:532714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » KEC International Ltd (BOM:532714) » Definitions » ROCE %

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KEC:India

Address

463, Dr. Annie Besant Road, RPG House, Worli, Mumbai, MH, IND, 400 030

Website

https://www.kecrpg.com

KEC International Ltd is an infrastructure engineering, procurement, and construction company. It has a presence in the power transmission and distribution, cable manufacturing, railway construction, water resource management, and renewable energy sectors. The company's power transmission and distribution business is its largest and accounts for most of its outstanding order book. Roughly half of the company's business occurs in India, with the rest taking place in countries around the world. The company generates revenue primarily from the execution of infrastructure engineering, procurement, and construction contracts. However, the sale of products also brings in significant revenue for the company.

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