Kingfa Science and Technology (India) (NSE:KINGFA) ROCE % : 25.09% (As of Dec. 2023)

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What is Kingfa Science and Technology (India) 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. Kingfa Science and Technology (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 25.09%.

Kingfa Science and Technology (India) ROCE % Historical Data

The historical data trend for Kingfa Science and Technology (India)'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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Kingfa Science and Technology (India) ROCE % Chart

Kingfa Science and Technology (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.14

9.97

3.81

11.39

26.04

Kingfa Science and Technology (India) 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															26.59	42.62	41.00	30.44	25.09

Kingfa Science and Technology (India) ROCE % Calculation

Kingfa Science and Technology (India)'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 )
	=	1145.989	/	( ( (8800.335 - 4709.274)	+	(10103.282 - 5394.181) )	/ 2 )
	=	1145.989	/	( (4091.061	+	4709.101)	/ 2 )
	=	1145.989	/	4400.081
	=	26.04 %

Kingfa Science and Technology (India)'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 )
	=	1346.428	/	( ( (9318.386 - 3951.118)	+	(0 - 0) )	/ 1 )
	=	1346.428	/	( ( 5367.268	+	0 )	/ 1 )
	=	1346.428	/	5367.268
	=	25.09 %

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

Kingfa Science and Technology (India) (NSE:KINGFA) 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.

Kingfa Science and Technology (India) ROCE % Related Terms

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Kingfa Science and Technology (India) (NSE:KINGFA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kingfa Science and Technology (India) Ltd (NSE:KINGFA) » Definitions » ROCE %

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524019:India

Address

827, Anna Salai, Dhun Building, III Floor, Chennai, TN, IND, 600 002

Website

http://www.kingfaindia.com

Kingfa Science and Technology (India) Ltd is a manufacturer and supplier of high-quality Reinforced Polypropylene Compounds, Thermoplastics Elastomers and Fibre Re-Inforced composites. Their material is used in automobiles, electronic appliances, industrial equipment, consumer goods, packaging, and toys. The organization has its spread only in India.

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