Kronox Lab Sciences (NSE:KRONOX) ROCE % : 45.74% (As of Dec. 2024)

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What is Kronox Lab Sciences 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. Kronox Lab Sciences's annualized ROCE % for the quarter that ended in Dec. 2024 was 45.74%.

Kronox Lab Sciences ROCE % Historical Data

The historical data trend for Kronox Lab Sciences'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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Kronox Lab Sciences ROCE % Chart

Kronox Lab Sciences Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

45.80

51.59

50.84

Kronox Lab Sciences Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial					46.36	58.51	55.10	45.72	45.74

Kronox Lab Sciences ROCE % Calculation

Kronox Lab Sciences'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 )
	=	224.19	/	( ( (567.88 - 137.61)	+	(540.34 - 88.68) )	/ 2 )
	=	224.19	/	( (430.27	+	451.66)	/ 2 )
	=	224.19	/	440.965
	=	50.84 %

Kronox Lab Sciences's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	353.064	/	( ( (851.877 - 79.933)	+	(0 - 0) )	/ 1 )
	=	353.064	/	( ( 771.944	+	0 )	/ 1 )
	=	353.064	/	771.944
	=	45.74 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Kronox Lab Sciences (NSE:KRONOX) 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.

Kronox Lab Sciences ROCE % Related Terms

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Kronox Lab Sciences Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

544187:India

Address

Block No. 284, Village Dabhasa, Padra, Vadodara, GJ, IND, 391440

Website

https://www.kronoxlabsciences.com

Kronox Lab Sciences Ltd manufactures High Purity Speciality Fine Chemicals for diversified end-user industries. The company's Fine inorganic Chemicals are used mainly as reacting agents and raw materials in the manufacturing of Active Pharmaceutical Ingredients; excipients in pharmaceutical formulations; reagents for scientific research and laboratory testing; ingredients in nutraceuticals formulations; process intermediates and fermenting agents in biotech applications; ingredients in agrochemical formulations; ingredients in personal care products; refining agents in metal refineries; and ingredients in animal health products, amongst others. It manufactures specialty fine Chemicals of various grades in particle sizes ranging from 10 mesh to 100 mesh.

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