Gujarat Natural Resources (BOM:513536) ROCE % : -4.27% (As of Dec. 2024)

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What is Gujarat Natural Resources 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. Gujarat Natural Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.27%.

Gujarat Natural Resources ROCE % Historical Data

The historical data trend for Gujarat Natural Resources'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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Gujarat Natural Resources ROCE % Chart

Gujarat Natural Resources Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-22.96

-2.44

-2.85

-2.36

-1.28

Gujarat Natural Resources 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															4.34	-6.06	2.93	0.63	-4.27

Gujarat Natural Resources ROCE % Calculation

Gujarat Natural Resources'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 )
	=	-16.78	/	( ( (1628.531 - 301.394)	+	(1595.025 - 307.934) )	/ 2 )
	=	-16.78	/	( (1327.137	+	1287.091)	/ 2 )
	=	-16.78	/	1307.114
	=	-1.28 %

Gujarat Natural Resources'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 )
	=	-54.316	/	( ( (1707.56 - 436.73)	+	(0 - 0) )	/ 1 )
	=	-54.316	/	( ( 1270.83	+	0 )	/ 1 )
	=	-54.316	/	1270.83
	=	-4.27 %

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

Gujarat Natural Resources (BOM:513536) 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.

Gujarat Natural Resources ROCE % Related Terms

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Gujarat Natural Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gujarat Natural Resources Ltd (BOM:513536) » Definitions » ROCE %

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Address

Near Nehru Nagar, Satellite Road, 3rd Floor, A Wing, Gopal Palace, Opposite Ocean Park, Ahmedabad, GJ, IND, 380015

Website

https://www.gnrl.in

Gujarat Natural Resources Ltd is an Indian company engaged in the business of oil and gas exploration and trading of goods and others. Ongoing projects of the company are Kanawara Field, Allora Field, Dholasan Field, North Kathana Field, Unawa Field, and North Balol. The Company earns key revenue from the sale of oil and natural gas exploration.

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