KRN Heat Exchanger and Refrigeration (NSE:KRN) ROCE % : 45.92% (As of Mar. 2024)

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What is KRN Heat Exchanger and Refrigeration 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. KRN Heat Exchanger and Refrigeration's annualized ROCE % for the quarter that ended in Mar. 2024 was 45.92%.

KRN Heat Exchanger and Refrigeration ROCE % Historical Data

The historical data trend for KRN Heat Exchanger and Refrigeration'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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KRN Heat Exchanger and Refrigeration ROCE % Chart

KRN Heat Exchanger and Refrigeration Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

18.25

52.49

84.03

48.93

KRN Heat Exchanger and Refrigeration Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	66.80	45.92

KRN Heat Exchanger and Refrigeration ROCE % Calculation

KRN Heat Exchanger and Refrigeration'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 )
	=	583.595	/	( ( (1487.591 - 720.099)	+	(2583.643 - 965.914) )	/ 2 )
	=	583.595	/	( (767.492	+	1617.729)	/ 2 )
	=	583.595	/	1192.6105
	=	48.93 %

KRN Heat Exchanger and Refrigeration'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 )
	=	591.178	/	( ( (1817.758 - 860.73)	+	(2583.643 - 965.914) )	/ 2 )
	=	591.178	/	( ( 957.028	+	1617.729 )	/ 2 )
	=	591.178	/	1287.3785
	=	45.92 %

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

KRN Heat Exchanger and Refrigeration (NSE:KRN) 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.

KRN Heat Exchanger and Refrigeration ROCE % Related Terms

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KRN Heat Exchanger and Refrigeration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » KRN Heat Exchanger and Refrigeration Ltd (NSE:KRN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

544263:India

Address

Plot No. F-46,47,48,49, EPIP, RIICO Industrial Area, Neemrana, Alwar, RJ, IND, 301705

Website

https://www.krnheatexchanger.com

KRN Heat Exchanger and Refrigeration Ltd manufacture fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry. Heat exchangers manufactured by the company are made of non-ferrous metals, Copper and Aluminium. Its product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. The diameter of the heat exchanger tubes it produces ranges from 5MM to 15.88 MM. The company's products are well suited for a wide range of air conditioning, heating and ventilation, refrigeration and process cooling applications.

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