Inter State Oil Carrier (BOM:530259) ROCE % : 0.48% (As of Dec. 2023)

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What is Inter State Oil Carrier 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. Inter State Oil Carrier's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.48%.

Inter State Oil Carrier ROCE % Historical Data

The historical data trend for Inter State Oil Carrier'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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Inter State Oil Carrier ROCE % Chart

Inter State Oil Carrier Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-5.94

-2.73

24.93

20.34

3.45

Inter State Oil Carrier Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.38	-6.60	13.91	28.47	0.48

Inter State Oil Carrier ROCE % Calculation

Inter State Oil Carrier'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 )
	=	9.111	/	( ( (384.114 - 122.92)	+	(415.273 - 148.192) )	/ 2 )
	=	9.111	/	( (261.194	+	267.081)	/ 2 )
	=	9.111	/	264.1375
	=	3.45 %

Inter State Oil Carrier'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 )
	=	1.252	/	( ( (457.99 - 198.058)	+	(0 - 0) )	/ 1 )
	=	1.252	/	( ( 259.932	+	0 )	/ 1 )
	=	1.252	/	259.932
	=	0.48 %

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

Inter State Oil Carrier (BOM:530259) 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.

Inter State Oil Carrier ROCE % Related Terms

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Inter State Oil Carrier (BOM:530259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Inter State Oil Carrier Ltd (BOM:530259) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

113, Park Street, South Wing, 5th Floor, Poddar Point, Kolkata, WB, IND, 700016

Website

https://www.isocl.in

Inter State Oil Carrier Ltd is an India based bulk liquids transportation company. It is engaged in providing road transport services of freight by tank trucks or semi-trailers. The operating segments of the organization are Transportation and Investing in Shares and Securities. It derives maximum revenue from the Transportation segment, which includes transportation activities. The company transports products like; petrochemical solvents, tar distillates, chemicals, water-based emulsions, acids, slurry, veg oils, polyols, corrosive chemicals, and others.

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