Krsnaa Diagnostics (NSE:KRSNAA) ROCE % : 13.84% (As of Dec. 2024)

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What is Krsnaa Diagnostics 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. Krsnaa Diagnostics's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.84%.

Krsnaa Diagnostics ROCE % Historical Data

The historical data trend for Krsnaa Diagnostics'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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Krsnaa Diagnostics ROCE % Chart

Krsnaa Diagnostics Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-33.58

73.66

17.58

11.07

9.89

Krsnaa Diagnostics Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial													9.62	12.36	12.81	13.92	13.84

Krsnaa Diagnostics ROCE % Calculation

Krsnaa Diagnostics'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 )
	=	840.94	/	( ( (9098.93 - 991.94)	+	(11719.13 - 2814.66) )	/ 2 )
	=	840.94	/	( (8106.99	+	8904.47)	/ 2 )
	=	840.94	/	8505.73
	=	9.89 %

Krsnaa Diagnostics'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 )
	=	1264.44	/	( ( (12945.39 - 3811.28)	+	(0 - 0) )	/ 1 )
	=	1264.44	/	( ( 9134.11	+	0 )	/ 1 )
	=	1264.44	/	9134.11
	=	13.84 %

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

Krsnaa Diagnostics (NSE:KRSNAA) 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.

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Krsnaa Diagnostics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Krsnaa Diagnostics Ltd (NSE:KRSNAA) » Definitions » ROCE %

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543328:India

Address

S.No. 243, A-Hissa No. 6, CTS No. 4519, 4519/1, Near Chinchwad Station, Chinchwad, Taluka - Haveli, Pune, MH, IND, 411 019

Website

https://www.krsnaadiagnostics.com

Krsnaa Diagnostics Ltd is a diagnostic services provider, both in Radiology and Pathology. It offers a wide range of diagnostic services such as imaging/radiology services, routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals, medical colleges, and community health centres. The company's operations predominantly relate to providing Radiology and Pathology services for X Ray, CT Scan, MRI, Mammography, Tele- Reporting Services, and all type of Blood and Urine Investigation.

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