Deepak Fertilisers & Petrochemicals (BOM:500645) ROCE % : 18.61% (As of Mar. 2024)

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What is Deepak Fertilisers & Petrochemicals 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. Deepak Fertilisers & Petrochemicals's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.61%.

Deepak Fertilisers & Petrochemicals ROCE % Historical Data

The historical data trend for Deepak Fertilisers & Petrochemicals'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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Deepak Fertilisers & Petrochemicals ROCE % Chart

Deepak Fertilisers & Petrochemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.83

15.73

19.78

26.61

12.38

Deepak Fertilisers & Petrochemicals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															19.31	11.22	10.69	9.65	18.61

Deepak Fertilisers & Petrochemicals ROCE % Calculation

Deepak Fertilisers & Petrochemicals's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	10757.2	/	( ( (114212.1 - 28174.1)	+	(118302.9 - 30544.1) )	/ 2 )
	=	10757.2	/	( (86038	+	87758.8)	/ 2 )
	=	10757.2	/	86898.4
	=	12.38 %

Deepak Fertilisers & Petrochemicals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	16330.8	/	( ( (0 - 0)	+	(118302.9 - 30544.1) )	/ 1 )
	=	16330.8	/	( ( 0	+	87758.8 )	/ 1 )
	=	16330.8	/	87758.8
	=	18.61 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Deepak Fertilisers & Petrochemicals (BOM:500645) 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.

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Deepak Fertilisers & Petrochemicals (BOM:500645) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Deepak Fertilisers & Petrochemicals Corp Ltd (BOM:500645) » Definitions » ROCE %

Traded in Other Exchanges

DEEPAKFERT:India

Address

Sai Hira, Survey Number 93, Mundhwa, Pune, MH, IND, 411036

Website

https://www.dfpcl.com

Deepak Fertilisers & Petrochemicals Corp Ltd carries on business in fertilizers, agri-services, bulk chemicals, mining chemicals, and value-added real estate. The segments of the company are Chemicals, Fertilizers, Realty, and others. The chemical products generate maximum revenue for the company which includes Ammonia, Methanol, and others. The group caters mainly to the needs of Indian markets.

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