Indian Oil (NSE:IOC) ROCE % : 21.70% (As of Dec. 2023)

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What is Indian Oil 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. Indian Oil's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.70%.

Indian Oil ROCE % Historical Data

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

Indian Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.13

-1.26

19.45

18.80

9.58

Indian Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															1.86	4.67	25.22	33.57	21.70

Indian Oil ROCE % Calculation

Indian Oil's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	216848.9	/	( ( (4106248.5 - 1928646.2)	+	(4417620.9 - 2066583.3) )	/ 2 )
	=	216848.9	/	( (2177602.3	+	2351037.6)	/ 2 )
	=	216848.9	/	2264319.95
	=	9.58 %

Indian Oil's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	552212.4	/	( ( (4576233.6 - 2031023.8)	+	(0 - 0) )	/ 1 )
	=	552212.4	/	( ( 2545209.8	+	0 )	/ 1 )
	=	552212.4	/	2545209.8
	=	21.70 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Indian Oil (NSE:IOC) 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.

Indian Oil ROCE % Related Terms

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Indian Oil (NSE:IOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indian Oil Corp Ltd (NSE:IOC) » Definitions » ROCE %

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530965:India

Address

J.B. Tito Marg, 3079/3, Sadiq Nagar, New Delhi, IND, 110 049

Website

https://www.iocl.com

Indian Oil Corp Ltd conducts business across the energy value chain as India's national oil company. The Petroleum Products business generates the majority of the group's revenue. Indian Oil pursues exploration and production opportunities both domestically and internationally. Sale of Petrochemicals , Other operating segment of the Corporation comprises; Gas, Oil & Gas Exploration Activities, Explosives & Cryogenic Business and Wind Mill & Solar Power Generation. A network of pipelines in India not only transport oil from company fields but also to and from its refineries. The pipeline network spans across India and can move various petroleum products. The firm's refinery operations include a host of technologies for processing oil and gas to meet the needs of a diverse client base.