Asian Petroproducts & Exports (BOM:524434) ROCE % : -421.25% (As of Dec. 2023)

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What is Asian Petroproducts & Exports 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. Asian Petroproducts & Exports's annualized ROCE % for the quarter that ended in Dec. 2023 was -421.25%.

Asian Petroproducts & Exports ROCE % Historical Data

The historical data trend for Asian Petroproducts & Exports'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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Asian Petroproducts & Exports ROCE % Chart

Asian Petroproducts & Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-48.50

-21.28

-18.10

-36.88

18.37

Asian Petroproducts & Exports Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-117.97	434.50	-99.73	-247.61	-421.25

Asian Petroproducts & Exports ROCE % Calculation

Asian Petroproducts & Exports'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 )
	=	1.465	/	( ( (24.264 - 13.071)	+	(20.463 - 15.71) )	/ 2 )
	=	1.465	/	( (11.193	+	4.753)	/ 2 )
	=	1.465	/	7.973
	=	18.37 %

Asian Petroproducts & Exports'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 )
	=	-13.324	/	( ( (19.855 - 16.692)	+	(0 - 0) )	/ 1 )
	=	-13.324	/	( ( 3.163	+	0 )	/ 1 )
	=	-13.324	/	3.163
	=	-421.25 %

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

Asian Petroproducts & Exports (BOM:524434) 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.

Asian Petroproducts & Exports ROCE % Related Terms

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Asian Petroproducts & Exports (BOM:524434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asian Petroproducts & Exports Ltd (BOM:524434) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chikuwadi, Near Jetalpur Road, 24, Suewernapuri Soceity, Alkapuri, Vadodara, GJ, IND, 390 007

Website

https://www.asianpetro.org

Asian Petroproducts & Exports Ltd is engaged in the business of manufacturing specialty chemicals. The company manufactures chemicals based on Ethylene Oxide. The company offers Monoethanolamine, Diethanolamine, Triethanalomine, Ethoxylates of various moles, Lauryl alcohol ethoxylates and Steric acid ethoxylates. Its products are used in refineries, fertilizers, textiles industries, dyes industries, and pharmaceutical and detergent industries. Geographically operation is carried out in India.

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