Gandhar Oil Refinery (India) (BOM:544029) ROCE % : 37.36% (As of Dec. 2023)

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What is Gandhar Oil Refinery (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. Gandhar Oil Refinery (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 37.36%.

Gandhar Oil Refinery (India) ROCE % Historical Data

The historical data trend for Gandhar Oil Refinery (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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Gandhar Oil Refinery (India) ROCE % Chart

Gandhar Oil Refinery (India) Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

50.23

45.41

41.87

Gandhar Oil Refinery (India) Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	52.26	14.42	36.08	37.36

Gandhar Oil Refinery (India) ROCE % Calculation

Gandhar Oil Refinery (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 )
	=	3050.63	/	( ( (13182.09 - 6931.62)	+	(16134.35 - 7811.25) )	/ 2 )
	=	3050.63	/	( (6250.47	+	8323.1)	/ 2 )
	=	3050.63	/	7286.785
	=	41.87 %

Gandhar Oil Refinery (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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	3272.12	/	( ( (17955.74 - 9197.64)	+	(0 - 0) )	/ 1 )
	=	3272.12	/	( ( 8758.1	+	0 )	/ 1 )
	=	3272.12	/	8758.1
	=	37.36 %

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

Gandhar Oil Refinery (India) (BOM:544029) 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.

Gandhar Oil Refinery (India) ROCE % Related Terms

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Gandhar Oil Refinery (India) (BOM:544029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gandhar Oil Refinery (India) Ltd (BOM:544029) » Definitions » ROCE %

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GANDHAR:India

Address

S.V. Road, 18th floor, DLH Park, Goregaon West, Mumbai, MH, IND, 400 062

Website

https://www.gandharoil.com

Gandhar Oil Refinery (India) Ltd is a manufacturer of white oils with a growing focus on the consumer and healthcare end industries. The Company is engaged in three segments namely, manufacturing and trading of petroleum products/specialty oils, trading of non-coking coal, and providing consignment, del-credere agency services for sale of polymers to local markets.

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