Stove Kraft (NSE:STOVEKRAFT) ROCE % : 19.36% (As of Sep. 2024)

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What is Stove Kraft 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. Stove Kraft's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.36%.

Stove Kraft ROCE % Historical Data

The historical data trend for Stove Kraft'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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Stove Kraft ROCE % Chart

Stove Kraft Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.44

39.04

19.44

14.21

13.10

Stove Kraft Quarterly Data
	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															21.48	11.85	6.15	12.45	19.36

Stove Kraft ROCE % Calculation

Stove Kraft'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 )
	=	685.45	/	( ( (8974.75 - 4180.78)	+	(10968.65 - 5299.68) )	/ 2 )
	=	685.45	/	( (4793.97	+	5668.97)	/ 2 )
	=	685.45	/	5231.47
	=	13.10 %

Stove Kraft's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1190.24	/	( ( (0 - 0)	+	(12517.7 - 6370.74) )	/ 1 )
	=	1190.24	/	( ( 0	+	6146.96 )	/ 1 )
	=	1190.24	/	6146.96
	=	19.36 %

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

Stove Kraft (NSE:STOVEKRAFT) 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.

Stove Kraft ROCE % Related Terms

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Stove Kraft Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Stove Kraft Ltd (NSE:STOVEKRAFT) » Definitions » ROCE %

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543260:India

Address

Mission Road, No.30, 2nd Cross, CSI Compound, Bengaluru, KA, IND, 560027

Website

https://www.stovekraft.com

Stove Kraft Ltd is involved in the kitchen appliances industry. The business activity of the group includes manufacturing and sale of kitchen solutions under the Pigeon and Gilma brands. The company operates in single-segment 'Kitchen and Home appliances'. The company offers products including pressure cookers, non-stick cookware, gas and induction cooktops, mixer grinders, chimneys, and hobs among others. Geographically the company generates the majority of its revenue within India.

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