Kesar Enterprises (BOM:507180) ROCE % : 218.48% (As of Mar. 2024)

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What is Kesar Enterprises 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. Kesar Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was 218.48%.

Kesar Enterprises ROCE % Historical Data

The historical data trend for Kesar Enterprises'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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Kesar Enterprises ROCE % Chart

Kesar Enterprises Annual Data

Trend

Jun14

Jun15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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30.06

81.66

-2.27

-17.82

67.33

Kesar Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															113.19	5.33	-182.58	-27.66	218.48

Kesar Enterprises ROCE % Calculation

Kesar Enterprises'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 )
	=	974.914	/	( ( (5880.859 - 5160.579)	+	(6307.976 - 4132.452) )	/ 2 )
	=	974.914	/	( (720.28	+	2175.524)	/ 2 )
	=	974.914	/	1447.902
	=	67.33 %

Kesar Enterprises's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	4753.084	/	( ( (0 - 0)	+	(6307.976 - 4132.452) )	/ 1 )
	=	4753.084	/	( ( 0	+	2175.524 )	/ 1 )
	=	4753.084	/	2175.524
	=	218.48 %

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

Kesar Enterprises (BOM:507180) 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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Kesar Enterprises (BOM:507180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kesar Enterprises Ltd (BOM:507180) » Definitions » ROCE %

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N/A

Address

7 Jamshedji Tata Road, Oriental House, 6th Floor, Churchgate, Mumbai, MH, IND, 400020

Website

https://www.kesarindia.com

Kesar Enterprises Ltd is engaged in the manufacture of sugar and its byproducts, manufacture of alcohol and alcoholic beverages by distillation, including ethanol, and generation of renewable power. Its segments are Sugar, Power, and Spirits. Major revenue of the company is generated from the sugar segment.

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