Kundan Edifice (NSE:KEL) ROCE % : 73.63% (As of Mar. 2023)

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What is Kundan Edifice 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. Kundan Edifice's annualized ROCE % for the quarter that ended in Mar. 2023 was 73.63%.

Kundan Edifice ROCE % Historical Data

The historical data trend for Kundan Edifice'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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Kundan Edifice ROCE % Chart

Kundan Edifice Annual Data

Trend

Mar21

Mar22

ROCE %

25.80

35.76

Kundan Edifice Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	25.80	35.76	73.63

Kundan Edifice ROCE % Calculation

Kundan Edifice's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	23.718	/	( ( (118.544 - 66.095)	+	(192.814 - 112.625) )	/ 2 )
	=	23.718	/	( (52.449	+	80.189)	/ 2 )
	=	23.718	/	66.319
	=	35.76 %

Kundan Edifice's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	80.436	/	( ( (192.814 - 112.625)	+	(296.584 - 158.291) )	/ 2 )
	=	80.436	/	( ( 80.189	+	138.293 )	/ 2 )
	=	80.436	/	109.241
	=	73.63 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Kundan Edifice (NSE:KEL) 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.

Kundan Edifice ROCE % Related Terms

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Kundan Edifice (NSE:KEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kundan Edifice Ltd (NSE:KEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East, Palghar, MH, IND, 401208

Website

https://www.kundanedifice.com

Kundan Edifice Ltd is a Company engaged in manufacturing, assembly and sale of light emitting diode (LED) strip lights. They provide lighting solutions to some of the key electrical and electronic manufacturing brands in India. The Company has one reportable segment which is business of Manufacture & Selling LED Strip Lights.

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