KDDL (BOM:532054) ROCE % : 16.20% (As of Mar. 2024)

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What is KDDL 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. KDDL's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.20%.

KDDL ROCE % Historical Data

The historical data trend for KDDL'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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KDDL ROCE % Chart

KDDL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.41

9.42

17.63

19.37

19.39

KDDL 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															16.47	23.13	21.76	23.86	16.20

KDDL ROCE % Calculation

KDDL'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 )
	=	2124.6	/	( ( (11605.251 - 2832.734)	+	(16415.3 - 3271.6) )	/ 2 )
	=	2124.6	/	( (8772.517	+	13143.7)	/ 2 )
	=	2124.6	/	10958.1085
	=	19.39 %

KDDL'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 )
	=	2129.6	/	( ( (0 - 0)	+	(16415.3 - 3271.6) )	/ 1 )
	=	2129.6	/	( ( 0	+	13143.7 )	/ 1 )
	=	2129.6	/	13143.7
	=	16.20 %

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

KDDL (BOM:532054) 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.

KDDL ROCE % Related Terms

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KDDL (BOM:532054) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » KDDL Ltd (BOM:532054) » Definitions » ROCE %

Traded in Other Exchanges

KDDL:India

Address

Sector 8-C, Kamla Centre, S.C.O. 88-89, Chandigarh, PB, IND, 160 009

Website

https://www.kddl.com

KDDL Ltd operates is engaged principally in the manufacturing of watch components. The company is also engaged in manufacturing high-quality precision stamped components and progressive tools for various applications. Some of its products include Story Drop Collection; Retro Diver Collection; Spot Racing Collection; Aviation Inspired Design; Lacquer Polish Dial with Chaton and others. The segments of the company are Precision and watch components; and Others. A majority of revenue is derived from the Precision and watch components segment. It generates revenue from India and Outside India.

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