KN Agri Resources (NSE:KNAGRI) ROCE % : 20.70% (As of Mar. 2024)

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What is KN Agri Resources 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. KN Agri Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.70%.

KN Agri Resources ROCE % Historical Data

The historical data trend for KN Agri Resources'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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KN Agri Resources ROCE % Chart

KN Agri Resources Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.36

26.82

31.15

18.30

16.97

KN Agri Resources Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial				38.70	14.62	21.95	13.14	20.70

KN Agri Resources ROCE % Calculation

KN Agri Resources'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 )
	=	509.3	/	( ( (3805.3 - 972.7)	+	(4561.1 - 1392.6) )	/ 2 )
	=	509.3	/	( (2832.6	+	3168.5)	/ 2 )
	=	509.3	/	3000.55
	=	16.97 %

KN Agri Resources'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	636.6	/	( ( (3310.7 - 327.9)	+	(4561.1 - 1392.6) )	/ 2 )
	=	636.6	/	( ( 2982.8	+	3168.5 )	/ 2 )
	=	636.6	/	3075.65
	=	20.70 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

KN Agri Resources (NSE:KNAGRI) 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.

KN Agri Resources ROCE % Related Terms

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KN Agri Resources (NSE:KNAGRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » KN Agri Resources Ltd (NSE:KNAGRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

B1 - 506, Marathon Nextgen Innova, Opposite Peninsula Corporate Park, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.knagri.com

KN Agri Resources Ltd is an agro-based company, involved in the business of solvent extraction and oil refining and trading of various agro-commodities. The wide range of processed and manufactured products includes soya de-oiled cake, Hipro Soya Meal, soya refined oil, soya crude oil, degummed oil, soya lecithin, acid oil, soya husk, cottonseed oil, refined rapeseed oil, and rapeseed de-oiled cake. Its segment includes Agro Product and Power. Under the agro-commodities business, the company trade in various agro commodities such as maize, gram, pulses, sugar, soyabean, wheat, and other.

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