Tamilnadu Petroproducts (BOM:500777) ROCE % : 7.44% (As of Dec. 2024)

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What is Tamilnadu Petroproducts 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. Tamilnadu Petroproducts's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.44%.

Tamilnadu Petroproducts ROCE % Historical Data

The historical data trend for Tamilnadu Petroproducts'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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Tamilnadu Petroproducts ROCE % Chart

Tamilnadu Petroproducts Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.12

30.46

32.50

14.95

7.57

Tamilnadu Petroproducts Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															3.24	6.29	9.18	3.17	7.44

Tamilnadu Petroproducts ROCE % Calculation

Tamilnadu Petroproducts's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	697.83	/	( ( (11020.923 - 2001.03)	+	(10906.656 - 1489.738) )	/ 2 )
	=	697.83	/	( (9019.893	+	9416.918)	/ 2 )
	=	697.83	/	9218.4055
	=	7.57 %

Tamilnadu Petroproducts's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	715.2	/	( ( (11700.5 - 2083.6)	+	(0 - 0) )	/ 1 )
	=	715.2	/	( ( 9616.9	+	0 )	/ 1 )
	=	715.2	/	9616.9
	=	7.44 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Tamilnadu Petroproducts (BOM:500777) 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.

Tamilnadu Petroproducts ROCE % Related Terms

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Tamilnadu Petroproducts Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tamilnadu Petroproducts Ltd (BOM:500777) » Definitions » ROCE %

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TNPETRO:India

Address

Manali Express Highway, Manali, Chennai, TN, IND, 600 068

Website

https://www.tnpetro.com

Tamilnadu Petroproducts Ltd is engaged in the manufacturing and sale of petrochemical products. Its product portfolio includes Linear Alkyl Benzene (LAB), Caustic Soda, Chlorine and Propylene Oxide. The company has its unit situated in Manali, Chennai. The company derives the majority of its revenue from the sale of Linear Alkyl Benzene (LAB) products followed by the sale of Propylene Oxide, and the sale of Caustic soda Lye. The company also generates a small amount of revenue from the sale of services. Geographically, it generates a majority of revenue from India.

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