Kirloskar Electric Co (BOM:533193) ROCE % : 16.98% (As of Dec. 2023)

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What is Kirloskar Electric Co 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. Kirloskar Electric Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.98%.

Kirloskar Electric Co ROCE % Historical Data

The historical data trend for Kirloskar Electric Co'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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Kirloskar Electric Co ROCE % Chart

Kirloskar Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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34.24

266.68

-22.05

67.49

30.40

Kirloskar Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															22.37	29.10	17.12	25.77	16.98

Kirloskar Electric Co ROCE % Calculation

Kirloskar Electric Co'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 )
	=	500.164	/	( ( (6143.943 - 4652.476)	+	(6124.543 - 4325.653) )	/ 2 )
	=	500.164	/	( (1491.467	+	1798.89)	/ 2 )
	=	500.164	/	1645.1785
	=	30.40 %

Kirloskar Electric Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	318.8	/	( ( (6257.7 - 4379.8)	+	(0 - 0) )	/ 1 )
	=	318.8	/	( ( 1877.9	+	0 )	/ 1 )
	=	318.8	/	1877.9
	=	16.98 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Kirloskar Electric Co (BOM:533193) 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.

Kirloskar Electric Co ROCE % Related Terms

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Kirloskar Electric Co (BOM:533193) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kirloskar Electric Co Ltd (BOM:533193) » Definitions » ROCE %

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KECL:India

Address

No. 19, 2nd Main Road, Peenya 1st Stage, Phase-1, Peenya, Bangalore, KA, IND, 560058

Website

https://www.kirloskarelectric.com

Kirloskar Electric Co Ltd is an electrical engineering company. The company is engaged in the manufacture of electrical equipment like Motors, Alternators and generators, Switchgear, transformers, DG sets, and others in India and internationally. The company has different product groups like transformer and distribution groups, large machine groups, low voltage machine groups, and power generation groups. The company caters to economic sectors like power generation, transmission and distribution, transportation, renewable energy, and others. The operating segments are Power generation and distribution, Rotating machine group, and Others. The company generates maximum revenue from Power Generation and Distribution Group.

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