Veedol (BOM:590005) ROCE % : 15.98% (As of Dec. 2024)

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What is Veedol 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. Veedol's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.98%.

Veedol ROCE % Historical Data

The historical data trend for Veedol'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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Veedol ROCE % Chart

Veedol Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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22.90

24.61

20.69

18.69

22.22

Veedol 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															21.28	25.24	22.90	19.93	15.98

Veedol ROCE % Calculation

Veedol'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 )
	=	1889.6	/	( ( (10989.4 - 2811)	+	(11562.1 - 2729.3) )	/ 2 )
	=	1889.6	/	( (8178.4	+	8832.8)	/ 2 )
	=	1889.6	/	8505.6
	=	22.22 %

Veedol'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 )
	=	1516	/	( ( (12112.2 - 2627.5)	+	(0 - 0) )	/ 1 )
	=	1516	/	( ( 9484.7	+	0 )	/ 1 )
	=	1516	/	9484.7
	=	15.98 %

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

Veedol (BOM:590005) 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.

Veedol ROCE % Related Terms

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Veedol Business Description

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VEEDOL:India

Address

8, Dr. Rajendra Prasad Sarani, Yule House, Kolkata, WB, IND, 700001

Website

https://www.veedolindia.com

Veedol Corp Ltd is a manufacturer and marketer of quality lubricants in over 70 countries around the globe. The Veedol range of products includes high-performance engine oils for passenger cars, two/three-wheelers, heavy commercial vehicles, off-highway vehicles, buses and tractors. It also has gear oils, transmission oils, coolants, brake oil and greases for all automotive applications as well as a wide range of industrial and speciality lubricants catering to diverse industry applications. The entire product range offers appropriate choices for various applications and performance levels keeping pace with the latest technical requirements of OEMs.

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