D K Enterprises Global (NSE:DKEGL) ROCE % : 27.47% (As of Sep. 2023)

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What is D K Enterprises Global 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. D K Enterprises Global's annualized ROCE % for the quarter that ended in Sep. 2023 was 27.47%.

D K Enterprises Global ROCE % Historical Data

The historical data trend for D K Enterprises Global'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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D K Enterprises Global ROCE % Chart

D K Enterprises Global Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

25.71

32.75

27.59

26.70

D K Enterprises Global Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			43.13	19.83	30.95	22.30	27.47

D K Enterprises Global ROCE % Calculation

D K Enterprises Global'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 )
	=	67.913	/	( ( (419.932 - 187.464)	+	(484.592 - 208.338) )	/ 2 )
	=	67.913	/	( (232.468	+	276.254)	/ 2 )
	=	67.913	/	254.361
	=	26.70 %

D K Enterprises Global'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 )
	=	77.29	/	( ( (484.592 - 208.338)	+	(545.205 - 258.657) )	/ 2 )
	=	77.29	/	( ( 276.254	+	286.548 )	/ 2 )
	=	77.29	/	281.401
	=	27.47 %

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

D K Enterprises Global (NSE:DKEGL) 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.

D K Enterprises Global ROCE % Related Terms

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D K Enterprises Global (NSE:DKEGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » D K Enterprises Global Ltd (NSE:DKEGL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number - 235, Industrial Area Phase-2, Panchkula, HR, IND, 134109

Website

https://www.dkenterprises.co.in

D K Enterprises Global Ltd manufactures paper-based packaging materials, self-adhesive tapes, and laminated products. The company operates in the business segment of BOPP Tape & laminates and Corrugated boxes & sleeve rolls. The company generates revenue from the BOPP tape and Laminates segment.

D K Enterprises Global (NSE:DKEGL) Headlines

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