Oil India (NSE:OIL) ROCE % : 13.22% (As of Sep. 2024)

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What is Oil India 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. Oil India's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.22%.

Oil India ROCE % Historical Data

The historical data trend for Oil India'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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Oil India ROCE % Chart

Oil India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.62

11.71

19.83

23.40

13.65

Oil India Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.00	21.31	16.53	15.13	13.22

Oil India ROCE % Calculation

Oil India'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 )
	=	97619.7	/	( ( (738830.2 - 85982.6)	+	(921528.6 - 143569.2) )	/ 2 )
	=	97619.7	/	( (652847.6	+	777959.4)	/ 2 )
	=	97619.7	/	715403.5
	=	13.65 %

Oil India'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	116209.2	/	( ( (0 - 0)	+	(1018728.6 - 139945.1) )	/ 1 )
	=	116209.2	/	( ( 0	+	878783.5 )	/ 1 )
	=	116209.2	/	878783.5
	=	13.22 %

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

Oil India (NSE:OIL) 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.

Oil India ROCE % Related Terms

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Oil India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil India Ltd (NSE:OIL) » Definitions » ROCE %

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Traded in Other Exchanges

533106:India

Address

Plot No. 19, Sector - 16A, Near Film City, Noida, UP, IND, 201301

Website

https://www.oil-india.com

Oil India Ltd. engages in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas. It also transports and refines crude oil, and provides various exploration and production services. Crude oil sales are the revenue generator for the firm. Oil India counts on a variety of different systems and processes to acquire reservoir information and to interpret geo-scientific data. The company has experience in managing the entire range of operations required for onshore oil and gas production. It has built expertise in wellbore servicing, installation, operation, and maintenance of modern surface handling facilities.