Kritika Wires (NSE:KRITIKA) ROCE % : 26.79% (As of Mar. 2024)

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What is Kritika Wires 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. Kritika Wires's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.79%.

Kritika Wires ROCE % Historical Data

The historical data trend for Kritika Wires'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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Kritika Wires ROCE % Chart

Kritika Wires Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.75

4.30

10.51

14.27

21.71

Kritika Wires Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial												16.81	10.44	17.95	17.17	26.79

Kritika Wires ROCE % Calculation

Kritika Wires'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 )
	=	176.04	/	( ( (1183.108 - 413.539)	+	(1525.341 - 673.16) )	/ 2 )
	=	176.04	/	( (769.569	+	852.181)	/ 2 )
	=	176.04	/	810.875
	=	21.71 %

Kritika Wires'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 )
	=	218.908	/	( ( (1564.688 - 782.833)	+	(1525.341 - 673.16) )	/ 2 )
	=	218.908	/	( ( 781.855	+	852.181 )	/ 2 )
	=	218.908	/	817.018
	=	26.79 %

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

Kritika Wires (NSE:KRITIKA) 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.

Kritika Wires ROCE % Related Terms

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Kritika Wires (NSE:KRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kritika Wires Ltd (NSE:KRITIKA) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Plot-BG-12, Bus Terminus and Commercial Complex, Unit no. 201, 2nd Floor, AA-I, New Town Pride Hotel Building, Opposite to NOVOTEL, Kolkata, WB, IND, 700156

Website

https://www.kritikawires.com

Kritika Wires Ltd is engaged in the manufacturing of galvanized steel wires and wire products. The company is focused on exporting and supplying Industrial Steel. The company's products are used for the transmission and distribution of electricity, and the manufacturing of concrete slippers, poles, bridges, and other infrastructure facilities. The products of the company include Mild Steel Wire, GI Stay Wire, Spring Steel Wire, Barbed Wire, and others.

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