Savita Oil Technologies (BOM:524667) ROCE % : 5.41% (As of Dec. 2024)

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What is Savita Oil Technologies 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. Savita Oil Technologies's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.41%.

Savita Oil Technologies ROCE % Historical Data

The historical data trend for Savita Oil Technologies'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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Savita Oil Technologies ROCE % Chart

Savita Oil Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.16

33.13

29.89

23.21

18.49

Savita Oil Technologies 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															26.65	8.24	14.27	13.28	5.41

Savita Oil Technologies ROCE % Calculation

Savita Oil Technologies'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 )
	=	2862.148	/	( ( (22636.959 - 8049.417)	+	(24769.549 - 8401.557) )	/ 2 )
	=	2862.148	/	( (14587.542	+	16367.992)	/ 2 )
	=	2862.148	/	15477.767
	=	18.49 %

Savita Oil Technologies'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 )
	=	886.192	/	( ( (23103.015 - 6728.439)	+	(0 - 0) )	/ 1 )
	=	886.192	/	( ( 16374.576	+	0 )	/ 1 )
	=	886.192	/	16374.576
	=	5.41 %

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

Savita Oil Technologies (BOM:524667) 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.

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Savita Oil Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Savita Oil Technologies Ltd (BOM:524667) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SOTL:India

Address

66/67, Nariman Bhavan, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.savita.com

Savita Oil Technologies Ltd manufactures and sells petroleum products. The company's business activity is generally conducted through the petroleum products and wind power segments. Its products include Transformer oil, White oils and liquid paraffin, Lubricating oils, Petrolatum and petroleum jellies, and optic fiber compounds, and renewable energy. Geographically the group has an international business presence and derives its revenue from Petroleum Products segments.

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