Shri Keshav Cements & Infra (BOM:530977) ROCE % : 14.08% (As of Dec. 2023)

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What is Shri Keshav Cements & Infra 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. Shri Keshav Cements & Infra's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.08%.

Shri Keshav Cements & Infra ROCE % Historical Data

The historical data trend for Shri Keshav Cements & Infra'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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Shri Keshav Cements & Infra ROCE % Chart

Shri Keshav Cements & Infra Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.19

11.45

6.17

11.85

10.35

Shri Keshav Cements & Infra Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															12.63	9.55	13.00	8.01	14.08

Shri Keshav Cements & Infra ROCE % Calculation

Shri Keshav Cements & Infra'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 )
	=	244.589	/	( ( (2739.341 - 259.93)	+	(2753.483 - 505.896) )	/ 2 )
	=	244.589	/	( (2479.411	+	2247.587)	/ 2 )
	=	244.589	/	2363.499
	=	10.35 %

Shri Keshav Cements & Infra's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	347.332	/	( ( (3041.721 - 574.28)	+	(0 - 0) )	/ 1 )
	=	347.332	/	( ( 2467.441	+	0 )	/ 1 )
	=	347.332	/	2467.441
	=	14.08 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Shri Keshav Cements & Infra (BOM:530977) 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.

Shri Keshav Cements & Infra ROCE % Related Terms

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Shri Keshav Cements & Infra (BOM:530977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shri Keshav Cements & Infra Ltd (BOM:530977) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

215/2, Jyoti Tower, Karbhar Galli, Nazar Camp, 6th Cross, Madhavpur Vadgaon, Belgaum, KA, IND, 590005

Website

https://www.keshavcement.com

Shri Keshav Cements & Infra Ltd is an Indian cement and cement products manufacturing company. It is engaged in the manufacture and sale of cement in Karnataka, Goa, and Maharashtra. Its segments include manufacturing and trading in cement, trading in coal, dealers of petrol and diesel, and solar energy generation and sale. The company generates a majority of its revenue from manufacturing and trading in the cement segment.

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