Nexxus Petro Industries (BOM:544265) ROCE % : 74.39% (As of Mar. 2024)

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What is Nexxus Petro Industries 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. Nexxus Petro Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 74.39%.

Nexxus Petro Industries ROCE % Historical Data

The historical data trend for Nexxus Petro Industries'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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Nexxus Petro Industries ROCE % Chart

Nexxus Petro Industries Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

67.87

155.91

74.39

Nexxus Petro Industries Semi-Annual Data
	Mar22	Mar23	Mar24
ROCE %	67.87	155.91	74.39

Nexxus Petro Industries ROCE % Calculation

Nexxus Petro Industries'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 )
	=	62.8	/	( ( (164.496 - 132.74)	+	(389.255 - 252.179) )	/ 2 )
	=	62.8	/	( (31.756	+	137.076)	/ 2 )
	=	62.8	/	84.416
	=	74.39 %

Nexxus Petro Industries'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	62.8	/	( ( (164.496 - 132.74)	+	(389.255 - 252.179) )	/ 2 )
	=	62.8	/	( ( 31.756	+	137.076 )	/ 2 )
	=	62.8	/	84.416
	=	74.39 %

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

Nexxus Petro Industries (BOM:544265) 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.

Nexxus Petro Industries ROCE % Related Terms

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Nexxus Petro Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nexxus Petro Industries Ltd (BOM:544265) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

SP Ring Road, Near Shantipura Circle, Swati Trinity, B-811, Applewoods Township, Sanathal Sanand, Sarkhej, Dascroi, Ahmedabad, GJ, IND, 382210

Website

https://www.nexxusgroup.co.in

Nexxus Petro Industries Ltd is engaged in trading, manufacturing and selling of Petrochem products namely Bitumen products. Its product is widely used in the infrastructure sector and the road construction industry. It variety of products includes various grades of Bitumen which are classified on the basis of viscosity and related properties of each grade. Presently, the company procures bitumen via imports from Dubai as well as purchases from other domestic importers/sellers in India.

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