Indraprastha Gas (BOM:532514) ROCE % : 28.24% (As of Dec. 2023)

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What is Indraprastha Gas 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. Indraprastha Gas's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.24%.

Indraprastha Gas ROCE % Historical Data

The historical data trend for Indraprastha Gas'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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Indraprastha Gas ROCE % Chart

Indraprastha Gas Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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29.64

30.08

23.01

26.73

26.01

Indraprastha Gas 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															20.98	24.02	32.08	33.21	28.24

Indraprastha Gas ROCE % Calculation

Indraprastha Gas'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 )
	=	21310.6	/	( ( (111022.1 - 31071.2)	+	(126206 - 42315.8) )	/ 2 )
	=	21310.6	/	( (79950.9	+	83890.2)	/ 2 )
	=	21310.6	/	81920.55
	=	26.01 %

Indraprastha Gas'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 )
	=	24029.6	/	( ( (124502.2 - 39396.7)	+	(0 - 0) )	/ 1 )
	=	24029.6	/	( ( 85105.5	+	0 )	/ 1 )
	=	24029.6	/	85105.5
	=	28.24 %

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

Indraprastha Gas (BOM:532514) 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.

Indraprastha Gas ROCE % Related Terms

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Indraprastha Gas (BOM:532514) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Indraprastha Gas Ltd (BOM:532514) » Definitions » ROCE %

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IGL:India

Address

IGL Bhawan, Plot Number 4, Community Centre, Sector-9, R K Puram, New Delhi, IND, 110022

Website

https://www.iglonline.net

Indraprastha Gas Ltd, or IGL, is an Indian utility company that derives nearly all of its revenue from the sale of natural gas. IGL supplies compressed natural gas (CNG) to the transport sector and piped natural gas (PNG) to domestic, industrial, and commercial sector customers. Most of the natural gas sold by IGL is in the form of compressed natural gas. CNG is an alternative to fossil fuels that is distributed from IGL's portfolio of fueling stations to power a variety of vehicles. The vast majority of these CNG stations are located in the Delhi and National Capital Regions. IGL distributes a significant amount of natural gas through its network of pipelines in Delhi and the National Capital Region, as well. The customers served by IGL's PNG business are primarily residential consumers.

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