National Oxygen (BOM:507813) ROCE % : -12.78% (As of Dec. 2023)

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What is National Oxygen 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. National Oxygen's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.78%.

National Oxygen ROCE % Historical Data

The historical data trend for National Oxygen'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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National Oxygen ROCE % Chart

National Oxygen Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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30.50

11.41

12.13

33.45

2.45

National Oxygen 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															-8.58	-0.96	14.52	-2.99	-12.78

National Oxygen ROCE % Calculation

National Oxygen'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 )
	=	7.365	/	( ( (398.031 - 73.433)	+	(349.095 - 71.46) )	/ 2 )
	=	7.365	/	( (324.598	+	277.635)	/ 2 )
	=	7.365	/	301.1165
	=	2.45 %

National Oxygen'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 )
	=	-31.452	/	( ( (374.455 - 128.296)	+	(0 - 0) )	/ 1 )
	=	-31.452	/	( ( 246.159	+	0 )	/ 1 )
	=	-31.452	/	246.159
	=	-12.78 %

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

National Oxygen (BOM:507813) 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.

National Oxygen ROCE % Related Terms

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National Oxygen (BOM:507813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » National Oxygen Ltd (BOM:507813) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Number 4 Old No.149, Montieth Road, S-1, 2nd Floor, Alsa Mall, Egmore, Chennai, TN, IND, 600 008

Website

http://www.nolgroup.com

National Oxygen Ltd is an Indian company engaged in manufacturing industrial gases, such as Oxygen and Nitrogen. It is a supplier of industrial gases both in liquid and gaseous forms. The company's products include Industrial liquid oxygen, Industrial gaseous oxygen, Industrial liquid nitrogen and Dissolved acetylene gas. The product's applications involve blast furnace, copper smelting, manufacture of explosives, heart stimulation, cryogenic preservation and cutting and welding. The group derives key revenue from India.

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