Indus Gas (LSE:INDI) ROCE % : 0.18% (As of Sep. 2024)

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What is Indus Gas 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. Indus Gas's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.18%.

Indus Gas ROCE % Historical Data

The historical data trend for Indus Gas'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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Indus Gas ROCE % Chart

Indus Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.67

3.74

4.03

4.63

2.65

Indus Gas Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															4.32	5.03	3.34	2.03	0.18

Indus Gas ROCE % Calculation

Indus Gas'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 )
	=	28.77	/	( ( (1120.862 - 25.401)	+	(1110.722 - 37.449) )	/ 2 )
	=	28.77	/	( (1095.461	+	1073.273)	/ 2 )
	=	28.77	/	1084.367
	=	2.65 %

Indus Gas's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	1.88	/	( ( (1110.722 - 37.449)	+	(1073.545 - 27.639) )	/ 2 )
	=	1.88	/	( ( 1073.273	+	1045.906 )	/ 2 )
	=	1.88	/	1059.5895
	=	0.18 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Indus Gas (LSE:INDI) 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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Indus Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indus Gas Ltd (LSE:INDI) » Definitions » ROCE %

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Traded in Other Exchanges

INDI.GB:UK 59Q:Germany

Address

St Martins House, PO Box 112, Le Bordage, Saint Peter Port, GGY, GY1 4EA

Website

https://www.indusgas.com

Indus Gas Ltd is an oil and gas exploration and development company. It is mainly engaged in exploring, developing, producing, distributing, and marketing hydrocarbons including natural gas initially in India. The company holds an interest in on-shore Block RJ-ON/6 situated in Indus Basin. Its products include natural gas and by-product condensate. The Company considers that it operates in single operating segment the production and sale of gas. Geographically, it derives a majority of its revenue from Asia.