Kiri Industries (BOM:532967) ROCE % : 3.59% (As of Dec. 2024)

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What is Kiri 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. Kiri Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.59%.

Kiri Industries ROCE % Historical Data

The historical data trend for Kiri 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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Kiri Industries ROCE % Chart

Kiri Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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21.41

12.37

16.65

4.80

6.01

Kiri Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-3.39	30.61	0.89	1.00	3.59

Kiri Industries ROCE % Calculation

Kiri Industries's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	1676.148	/	( ( (32046.019 - 4748.328)	+	(34108.759 - 5672.847) )	/ 2 )
	=	1676.148	/	( (27297.691	+	28435.912)	/ 2 )
	=	1676.148	/	27866.8015
	=	6.01 %

Kiri Industries's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1450.8	/	( ( (46459.797 - 6067.608)	+	(0 - 0) )	/ 1 )
	=	1450.8	/	( ( 40392.189	+	0 )	/ 1 )
	=	1450.8	/	40392.189
	=	3.59 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Kiri Industries (BOM:532967) 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.

Kiri Industries ROCE % Related Terms

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Kiri Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kiri Industries Ltd (BOM:532967) » Definitions » ROCE %

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KIRIINDUS:India

Address

Hasubhai Chambers, 7th Floor, Opposite Town Hall, Ellisbridge, Ahmedabad, GJ, IND, 380 006

Website

https://www.kiriindustries.com

Kiri Industries Ltd is a company, which manufactures and exports a wide range of dyes, intermediates, and chemicals. It provides products and services across the whole value chain in numerous industrial sectors such as apparel, hosiery, automotive, carpets, leather, home upholstery, industrial fabrics, etc. Its dye products include reactive dyes, acid, and direct dyes. The intermediates section includes sulfur acid, sulpho Tobias acid, pentose, and sulpho gama acid. Kiri has a business presence in both the Indian and international markets, and the majority of its revenue is generated from India.

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