Kshitij Polyline (NSE:EQKSHITIJPOL) ROCE % : -4.88% (As of Sep. 2023)

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What is Kshitij Polyline 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. Kshitij Polyline's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.88%.

Kshitij Polyline ROCE % Historical Data

The historical data trend for Kshitij Polyline'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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Kshitij Polyline ROCE % Chart

Kshitij Polyline Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.54

11.00

7.82

11.00

8.28

Kshitij Polyline Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial											10.44	11.42	9.61	7.62	-4.88

Kshitij Polyline ROCE % Calculation

Kshitij Polyline'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 )
	=	21.464	/	( ( (405.894 - 168.976)	+	(487.322 - 205.819) )	/ 2 )
	=	21.464	/	( (236.918	+	281.503)	/ 2 )
	=	21.464	/	259.2105
	=	8.28 %

Kshitij Polyline's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-13.976	/	( ( (487.322 - 205.819)	+	(613.058 - 321.347) )	/ 2 )
	=	-13.976	/	( ( 281.503	+	291.711 )	/ 2 )
	=	-13.976	/	286.607
	=	-4.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Kshitij Polyline (NSE:EQKSHITIJPOL) 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.

Kshitij Polyline ROCE % Related Terms

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Kshitij Polyline (NSE:EQKSHITIJPOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kshitij Polyline Ltd (NSE:EQKSHITIJPOL) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Parsi Panchayat Road, 8, Sona Udyog, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.kshitijpolyline.co.in

Kshitij Polyline Ltd is engaged in manufacturing, marketing, sourcing plastic sheets, lamination sheet, folders, I cards, and files having wide applications in printing and stationery. The company offers office stationery, calendar, dairy, and student study materials of a different variety of colors, designs, and applications. It offers products including plastic card holders, neck lanyards, personalized products, badge clips, invitation, and desk material, wire and spiral material suitable for making calendars, diaries, and presentation material.

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