Chevron Lubricants Lanka (COL:LLUB.N0000) ROCE % : 49.94% (As of Jun. 2024)

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What is Chevron Lubricants Lanka 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. Chevron Lubricants Lanka's annualized ROCE % for the quarter that ended in Jun. 2024 was 49.94%.

Chevron Lubricants Lanka ROCE % Historical Data

The historical data trend for Chevron Lubricants Lanka'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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Chevron Lubricants Lanka ROCE % Chart

Chevron Lubricants Lanka Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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64.83

63.72

82.31

79.95

63.73

Chevron Lubricants Lanka Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															53.38	58.46	43.88	88.67	49.94

Chevron Lubricants Lanka ROCE % Calculation

Chevron Lubricants Lanka's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	5215.493	/	( ( (13033.697 - 5999.396)	+	(11945.119 - 2610.788) )	/ 2 )
	=	5215.493	/	( (7034.301	+	9334.331)	/ 2 )
	=	5215.493	/	8184.316
	=	63.73 %

Chevron Lubricants Lanka's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	4381.924	/	( ( (13298.94 - 4412.826)	+	(11661.112 - 2998.261) )	/ 2 )
	=	4381.924	/	( ( 8886.114	+	8662.851 )	/ 2 )
	=	4381.924	/	8774.4825
	=	49.94 %

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

Chevron Lubricants Lanka (COL:LLUB.N0000) 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.

Chevron Lubricants Lanka ROCE % Related Terms

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Chevron Lubricants Lanka Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chevron Lubricants Lanka PLC (COL:LLUB.N0000) » Definitions » ROCE %

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Address

No. 200, Nawala Road, Level 16, MAGA ONE, Narahenpita, Colombo, LKA, 05

Website

https://www.chevron.lk

Chevron Lubricants Lanka PLC is engaged in the business of importing, blending, distributing and marketing lubricant oils and greases. It offers passenger vehicle engine oils, over four-stroke motorcycle engine oils, two-stroke and outboard engine oil, general-purpose automotive gear oils, automatic transmission oils and others under the Havoline brand. The company offers various services, such as in-service oil monitoring, drain interval optimization, lube specialist course, systematic failure analysis expertise, endoscope inspections and lubrication surveys.

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