Kenvi Jewels (BOM:540953) ROCE % : 13.26% (As of Dec. 2023)

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What is Kenvi Jewels 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. Kenvi Jewels's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.26%.

Kenvi Jewels ROCE % Historical Data

The historical data trend for Kenvi Jewels'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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Kenvi Jewels ROCE % Chart

Kenvi Jewels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.18

3.22

3.53

5.28

7.56

Kenvi Jewels Quarterly Data
	Mar17	Nov17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.17	13.81	8.50	6.79	13.26

Kenvi Jewels ROCE % Calculation

Kenvi Jewels'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 )
	=	10.145	/	( ( (144.25 - 12.859)	+	(150.25 - 13.348) )	/ 2 )
	=	10.145	/	( (131.391	+	136.902)	/ 2 )
	=	10.145	/	134.1465
	=	7.56 %

Kenvi Jewels'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 )
	=	18.672	/	( ( (230.686 - 89.897)	+	(0 - 0) )	/ 1 )
	=	18.672	/	( ( 140.789	+	0 )	/ 1 )
	=	18.672	/	140.789
	=	13.26 %

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

Kenvi Jewels (BOM:540953) 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.

Kenvi Jewels ROCE % Related Terms

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Kenvi Jewels (BOM:540953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kenvi Jewels Ltd (BOM:540953) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

CG Road, Near Lal Bunglow, Shop No. 121 & 122, Super Mall Complex, Ahmedabad, GJ, IND, 380006

Website

https://www.kenvijewels.com

Kenvi Jewels Ltd is engaged in the business of manufacturing and retailing jewellery products. The company is involved in the wholesaling and trading of gold jewelry. Its product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet and Bangles.

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