Kotyark Industries (NSE:KOTYARK) ROCE % : 0.00% (As of Sep. 2023)

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What is Kotyark Industries 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. Kotyark Industries's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Kotyark Industries ROCE % Historical Data

The historical data trend for Kotyark Industries'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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Kotyark Industries ROCE % Chart

Kotyark Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

16.70

13.57

15.76

55.72

34.42

Kotyark Industries Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jul21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial						61.28	-	39.37	27.68	-

Kotyark Industries ROCE % Calculation

Kotyark Industries'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 )
	=	166.683	/	( ( (314.897 - 18.936)	+	(733.816 - 61.243) )	/ 2 )
	=	166.683	/	( (295.961	+	672.573)	/ 2 )
	=	166.683	/	484.267
	=	34.42 %

Kotyark Industries's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	0	/	( ( (733.816 - 61.243)	+	(1089.521 - 331.365) )	/ 2 )
	=	0	/	( ( 672.573	+	758.156 )	/ 2 )
	=	0	/	715.3645
	=	0.00 %

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

Kotyark Industries (NSE:KOTYARK) 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.

Kotyark Industries ROCE % Related Terms

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Kotyark Industries (NSE:KOTYARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kotyark Industries Ltd (NSE:KOTYARK) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ramakaka Temple Road, A-3, 2nd Floor, Shree Ganesh Nagar, Housing Society, Chhani, Vadodara, GJ, IND, 391740

Website

https://www.kotyark.com

Kotyark Industries Ltd is engaged in the manufacturing of Biofuels. The company is focused on renewable green energy and sustainable development of renewable natural resources through the adoption of environmentally friendly technology in vehicles for public and private transport.

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