Kaycee Industries (BOM:504084) ROCE % : 29.77% (As of Mar. 2024)

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What is Kaycee 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. Kaycee Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.77%.

Kaycee Industries ROCE % Historical Data

The historical data trend for Kaycee 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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Kaycee Industries ROCE % Chart

Kaycee Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.80

8.62

15.56

23.46

24.33

Kaycee Industries 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															20.66	22.44	22.07	23.24	29.77

Kaycee Industries ROCE % Calculation

Kaycee Industries'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 )
	=	63.597	/	( ( (291.58 - 47.669)	+	(346.98 - 68.039) )	/ 2 )
	=	63.597	/	( (243.911	+	278.941)	/ 2 )
	=	63.597	/	261.426
	=	24.33 %

Kaycee Industries'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 )
	=	83.032	/	( ( (0 - 0)	+	(346.98 - 68.039) )	/ 1 )
	=	83.032	/	( ( 0	+	278.941 )	/ 1 )
	=	83.032	/	278.941
	=	29.77 %

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

Kaycee Industries (BOM:504084) 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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Kaycee Industries (BOM:504084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kaycee Industries Ltd (BOM:504084) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

32, Ramjibhai Kamani Marg, Old Kamani Chambers, Ballard Estate, Mumbai, MH, IND, 400001

Website

https://www.kayceeindustries.com

Kaycee Industries Ltd is a manufacturer of switches and counters. The firm is primarily engaged in the business of manufacturing and trading of industrial switches, counters, water meters and electrical components. Its operating segment includes Manufactured products and Trading products. The company's products include Water Meter; Lugs; Rotary Switches; Limit Switches; Toggle Switches; Cam; Rotary Toggle Switches; Monitoring Device; Timer; Universal Counter; Temperature Indicator/Controller; P. B and Lamp; Digi count and Digital Time Totalizer.

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