KPI Green Energy (BOM:542323) ROCE % : 22.03% (As of Mar. 2024)

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What is KPI Green Energy 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. KPI Green Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.03%.

KPI Green Energy ROCE % Historical Data

The historical data trend for KPI Green Energy'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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KPI Green Energy ROCE % Chart

KPI Green Energy Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.56

11.60

15.91

25.50

24.99

KPI Green Energy Quarterly Data
	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															22.53	27.58	24.54	37.32	22.03

KPI Green Energy ROCE % Calculation

KPI Green Energy'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 )
	=	3030.795	/	( ( (12549.749 - 3700.345)	+	(24359.343 - 8950.05) )	/ 2 )
	=	3030.795	/	( (8849.404	+	15409.293)	/ 2 )
	=	3030.795	/	12129.3485
	=	24.99 %

KPI Green Energy's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3395.268	/	( ( (0 - 0)	+	(24359.343 - 8950.05) )	/ 1 )
	=	3395.268	/	( ( 0	+	15409.293 )	/ 1 )
	=	3395.268	/	15409.293
	=	22.03 %

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

KPI Green Energy (BOM:542323) 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.

KPI Green Energy ROCE % Related Terms

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KPI Green Energy (BOM:542323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » KPI Green Energy Ltd (BOM:542323) » Definitions » ROCE %

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KPIGREEN:India

Address

Canal Road, Bhatar Road, KP House, Opposite Ishwar Farm Junction BRTS, Near Bliss IVF Circle, Surat, GJ, IND, 395017

Website

https://www.kpigreenenergy.com

KPI Green Energy Ltd Ltd is a solar power generating company. The company develops, builds, owns, operates, and maintains solar power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name Solarism. Its operating segment includes the Sale of Power and Solar power plants; and the Sale of Plots. The company generates maximum revenue from the Sale of Power and power plants segment. Geographically, it operates only in India.

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