Karnika Industries (NSE:KARNIKA) ROCE % : 89.54% (As of Mar. 2023)

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What is Karnika 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. Karnika Industries's annualized ROCE % for the quarter that ended in Mar. 2023 was 89.54%.

Karnika Industries ROCE % Historical Data

The historical data trend for Karnika 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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Karnika Industries ROCE % Chart

Karnika Industries Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

49.51

80.45

89.54

Karnika Industries Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	49.51	80.45	89.54

Karnika Industries ROCE % Calculation

Karnika Industries'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 )
	=	165.538	/	( ( (592.142 - 404.686)	+	(1007.104 - 824.795) )	/ 2 )
	=	165.538	/	( (187.456	+	182.309)	/ 2 )
	=	165.538	/	184.8825
	=	89.54 %

Karnika Industries's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	165.538	/	( ( (592.142 - 404.686)	+	(1007.104 - 824.795) )	/ 2 )
	=	165.538	/	( ( 187.456	+	182.309 )	/ 2 )
	=	165.538	/	184.8825
	=	89.54 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Karnika Industries (NSE:KARNIKA) 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.

Karnika Industries ROCE % Related Terms

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Karnika Industries (NSE:KARNIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karnika Industries Ltd (NSE:KARNIKA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gurgola Ghat Road P.O. Salkia Howrah, 6&6/1, Kolkata, WB, IND, 711106

Website

http://www.karnikaindustries.com

Karnika Industries Ltd is an ISO 14001:2015 certified manufacturer through job work, trader and exporter of garments. It manufactures all types of kids wear through job work, i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, etc. It has constructed well-established manufacturing units for designing, preparation of the sample, quality inspection, ironing and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

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