GAIL (India) (BOM:532155) ROCE % : 17.86% (As of Dec. 2023)

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What is GAIL (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. GAIL (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 17.86%.

GAIL (India) ROCE % Historical Data

The historical data trend for GAIL (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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GAIL (India) ROCE % Chart

GAIL (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.54

17.88

12.03

20.84

9.11

GAIL (India) Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															8.22	3.66	3.72	14.73	17.86

GAIL (India) ROCE % Calculation

GAIL (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 )
	=	76271.8	/	( ( (965594 - 150933.3)	+	(1077807.5 - 217110.2) )	/ 2 )
	=	76271.8	/	( (814660.7	+	860697.3)	/ 2 )
	=	76271.8	/	837679
	=	9.11 %

GAIL (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 )
	=	170038.4	/	( ( (1162017.5 - 210132.6)	+	(0 - 0) )	/ 1 )
	=	170038.4	/	( ( 951884.9	+	0 )	/ 1 )
	=	170038.4	/	951884.9
	=	17.86 %

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

GAIL (India) (BOM:532155) 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.

GAIL (India) ROCE % Related Terms

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GAIL (India) (BOM:532155) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » GAIL (India) Ltd (BOM:532155) » Definitions » ROCE %

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Address

16, Bhikaiji Cama Place, Gail Bhawan, R.K. Puram, New Delhi, IND, 110066

Website

https://www.gailonline.com

GAIL (India) Ltd is an Indian natural gas processing and distribution company of which the Government of India owns a majority of shares. GAIL India's core business is the sale and transmission of both natural gas and a variety of LPGs, or liquefied petroleum gases. The company segments its operations into Natural Gas Transmission; LPG Transmission; Natural Gas Trading/Marketing; Petrochemicals; LPG and Other Liquid Hydrocarbon; City Gas and Other Segments which includes GAILTEL, E&P, Power Generation and City Gas Distribution. The vast majority of revenue is from its Natural Gas Trading/Marketing segment.

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