Selan Exploration Technology (BOM:530075) ROCE % : 15.24% (As of Mar. 2024)

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What is Selan Exploration Technology 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. Selan Exploration Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.24%.

Selan Exploration Technology ROCE % Historical Data

The historical data trend for Selan Exploration Technology'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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Selan Exploration Technology ROCE % Chart

Selan Exploration Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.49

-0.29

3.44

10.47

10.84

Selan Exploration Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.20	7.55	11.96	8.37	15.24

Selan Exploration Technology ROCE % Calculation

Selan Exploration Technology'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 )
	=	467.4	/	( ( (4268.229 - 187.077)	+	(4845.6 - 299.7) )	/ 2 )
	=	467.4	/	( (4081.152	+	4545.9)	/ 2 )
	=	467.4	/	4313.526
	=	10.84 %

Selan Exploration Technology's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	692.8	/	( ( (0 - 0)	+	(4845.6 - 299.7) )	/ 1 )
	=	692.8	/	( ( 0	+	4545.9 )	/ 1 )
	=	692.8	/	4545.9
	=	15.24 %

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

Selan Exploration Technology (BOM:530075) 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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Selan Exploration Technology (BOM:530075) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Selan Exploration Technology Ltd (BOM:530075) » Definitions » ROCE %

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SELAN:India

Address

Golf Course Extension Road, 8th floor, Imperia Mindspace, Sector - 62, Gurgaon, HR, IND, 122102

Website

https://www.selanoil.com

Selan Exploration Technology Ltd is engaged in the exploration and production of crude oil and natural gas. The company has operations in Bakrol, Lohar, Karjisan, and Ognaj. It generates a majority of its revenue from the Sale of Crude Oil.

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