Krishna Institute of Medical Sciences (BOM:543308) ROCE % : 13.69% (As of Mar. 2024)

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What is Krishna Institute of Medical Sciences 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. Krishna Institute of Medical Sciences's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.69%.

Krishna Institute of Medical Sciences ROCE % Historical Data

The historical data trend for Krishna Institute of Medical Sciences'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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Krishna Institute of Medical Sciences ROCE % Chart

Krishna Institute of Medical Sciences Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.91

28.88

33.18

23.77

16.76

Krishna Institute of Medical Sciences Quarterly Data
	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													20.07	19.35	19.29	15.02	13.69

Krishna Institute of Medical Sciences ROCE % Calculation

Krishna Institute of Medical Sciences'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 )
	=	5066.63	/	( ( (29413.03 - 2964.72)	+	(38520.19 - 4522.85) )	/ 2 )
	=	5066.63	/	( (26448.31	+	33997.34)	/ 2 )
	=	5066.63	/	30222.825
	=	16.76 %

Krishna Institute of Medical Sciences'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 )
	=	4654.04	/	( ( (0 - 0)	+	(38520.19 - 4522.85) )	/ 1 )
	=	4654.04	/	( ( 0	+	33997.34 )	/ 1 )
	=	4654.04	/	33997.34
	=	13.69 %

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

Krishna Institute of Medical Sciences (BOM:543308) 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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Krishna Institute of Medical Sciences (BOM:543308) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Krishna Institute of Medical Sciences Ltd (BOM:543308) » Definitions » ROCE %

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KIMS:India

Address

D. No. 1-8-31/1, Minister’s Road, Secunderabad, TG, IND, 500 003

Website

https://www.kimshospitals.com

Krishna Institute of Medical Sciences Ltd is a healthcare group in Secunderabad and Telangana. It offers a comprehensive range of healthcare services including oncology, cardiac sciences, neurosciences, gastric sciences, orthopedics, renal sciences, organ transplantation, mother and child care, and many more.

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