Kernex Microsystems (India) (NSE:KERNEX) ROCE % : -18.77% (As of Sep. 2023)

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What is Kernex Microsystems (India) 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. Kernex Microsystems (India)'s annualized ROCE % for the quarter that ended in Sep. 2023 was -18.77%.

Kernex Microsystems (India) ROCE % Historical Data

The historical data trend for Kernex Microsystems (India)'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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Kernex Microsystems (India) ROCE % Chart

Kernex Microsystems (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-27.90

14.86

4.98

-23.50

-28.08

Kernex Microsystems (India) Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-30.28	-20.88	-45.01	-3.11	-18.77

Kernex Microsystems (India) ROCE % Calculation

Kernex Microsystems (India)'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 )
	=	-187.224	/	( ( (775.306 - 282.496)	+	(1016.423 - 175.493) )	/ 2 )
	=	-187.224	/	( (492.81	+	840.93)	/ 2 )
	=	-187.224	/	666.87
	=	-28.08 %

Kernex Microsystems (India)'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-148.328	/	( ( (0 - 0)	+	(1074.018 - 283.948) )	/ 1 )
	=	-148.328	/	( ( 0	+	790.07 )	/ 1 )
	=	-148.328	/	790.07
	=	-18.77 %

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

Kernex Microsystems (India) (NSE:KERNEX) 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.

Kernex Microsystems (India) ROCE % Related Terms

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Kernex Microsystems (India) (NSE:KERNEX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Kernex Microsystems (India) Ltd (NSE:KERNEX) » Definitions » ROCE %

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532686:India

Address

Plot No. 38-41, Survey No. 1/1, Hardware Technology Park, Raviryal Village, TSIIC layout, Maheswaram Mandal, Ranga Reddy, Hyderabad, TG, IND, 501510

Website

https://www.kernex.in

Kernex Microsystems (India) Ltd is an India based company engaged in the manufacture and sale of Safety Systems and Software services for Railways. The company is in the business of designing, development and deployment of Train Collision Avoidance Systems in Indian Railways, and successfully completing the installation of automatic and semi-automatic Railway Gates. It offers products which include LxGuard, TrainSHIELD, SAFELx, SENTINEX, CASRY, KMDAX, ATRW, KTPIS and BCPS2440.

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