Krishna Defence & Allied Industries (NSE:KRISHNADEF) ROCE % : 15.82% (As of Sep. 2023)

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What is Krishna Defence & Allied 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. Krishna Defence & Allied Industries's annualized ROCE % for the quarter that ended in Sep. 2023 was 15.82%.

Krishna Defence & Allied Industries ROCE % Historical Data

The historical data trend for Krishna Defence & Allied 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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Krishna Defence & Allied Industries ROCE % Chart

Krishna Defence & Allied Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

15.17

8.59

13.14

15.23

19.54

Krishna Defence & Allied Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			15.63	15.14	15.59	22.57	15.82

Krishna Defence & Allied Industries ROCE % Calculation

Krishna Defence & Allied 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 )
	=	77.522	/	( ( (678.14 - 361.14)	+	(846.817 - 370.494) )	/ 2 )
	=	77.522	/	( (317	+	476.323)	/ 2 )
	=	77.522	/	396.6615
	=	19.54 %

Krishna Defence & Allied 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 )
	=	82.024	/	( ( (846.817 - 370.494)	+	(772.511 - 211.829) )	/ 2 )
	=	82.024	/	( ( 476.323	+	560.682 )	/ 2 )
	=	82.024	/	518.5025
	=	15.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Krishna Defence & Allied Industries (NSE:KRISHNADEF) 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 Defence & Allied Industries (NSE:KRISHNADEF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Krishna Defence & Allied Industries Ltd (NSE:KRISHNADEF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vadivadi Road, 2nd Floor Office no.207, 208, Atlantis Heritage, Sarabhai campus, Vadodara, GJ, IND, 390023

Website

https://www.krishnaallied.com

Krishna Defence & Allied Industries Ltd develops, manufactures, and designs defence application products and kitchen and dairy equipment products. It manufactures and offers a wide range of products including Ballast Bricks, Improvised Explosive Device Containment Vessels, Automatic Tyre Killer, Crowd Control Barriers, Bulk milk cooler with thermal storage system, Cow Grooming Brush, Daal Cooker, Rice Storage Chute, Stainless Steel Milk Cans, Heat Recovery Unit, Bulk Cooking Equipment like Rice Cauldron, Ship Building Steel section and others. The company generates maximum revenue from the Defence Products segment.

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