Gulf Oil Lubricants India (BOM:538567) ROCE % : 37.05% (As of Dec. 2023)

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What is Gulf Oil Lubricants 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. Gulf Oil Lubricants India's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.05%.

Gulf Oil Lubricants India ROCE % Historical Data

The historical data trend for Gulf Oil Lubricants 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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Gulf Oil Lubricants India ROCE % Chart

Gulf Oil Lubricants India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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52.22

39.11

33.73

29.11

28.40

Gulf Oil Lubricants India 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															35.71	22.16	31.28	34.25	37.05

Gulf Oil Lubricants India ROCE % Calculation

Gulf Oil Lubricants 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 )
	=	3276.55	/	( ( (18309.836 - 7497.716)	+	(20715.623 - 8452.408) )	/ 2 )
	=	3276.55	/	( (10812.12	+	12263.215)	/ 2 )
	=	3276.55	/	11537.6675
	=	28.40 %

Gulf Oil Lubricants India'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 )
	=	4604.196	/	( ( (22272.56 - 9845.945)	+	(0 - 0) )	/ 1 )
	=	4604.196	/	( ( 12426.615	+	0 )	/ 1 )
	=	4604.196	/	12426.615
	=	37.05 %

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

Gulf Oil Lubricants India (BOM:538567) 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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Gulf Oil Lubricants India (BOM:538567) Business Description

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GULFOILLUB:India

Address

IN Centre, 49/50, 12th Road, M.I.D.C., Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.gulfoilindia.com

Gulf Oil Lubricants India Ltd manufactures, markets, and trades lubricants and greases used in the automotive and industrial industries. The company is a subsidiary of the Hinduja Group, which owns businesses in a variety of sectors in multiple continents. The company provides products for all types of commercial vehicles to individual and institutional customers across the automotive, agricultural, industrial, construction, and marine divisions. The company exports some of its products, however, a large majority of revenue is derived from sales inside India.

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