ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Indian Oil's annualized net income for the quarter that ended in Dec. 2023 was ₹361,182 Mil. Indian Oil's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was ₹1,668,165 Mil. Therefore, Indian Oil's annualized ROE % for the quarter that ended in Dec. 2023 was 21.65%.
The historical rank and industry rank for Indian Oil's ROE % or its related term are showing as below:
NSE:IOC'
s ROE % Range Over the Past 10 Years
Min: -0.86 Med: 14.41 Max: 22.44
Current: 22.44
During the past 13 years, Indian Oil's highest ROE % was 22.44%. The lowest was -0.86%. And the median was 14.41%.
NSE:IOC's ROE % is ranked better than 79.82% of 1016
companies
in the Oil & Gas industry
Industry Median: 7.84
vs NSE:IOC: 22.44
Indian Oil ROE % Historical Data
The historical data trend for Indian Oil's ROE % 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.
For the Oil & Gas Refining & Marketing subindustry, Indian Oil's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Indian Oil's ROE % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Indian Oil's ROE % distribution charts can be found below:
* The bar in red indicates where Indian Oil's ROE % falls into.
Indian Oil ROE % Calculation
Indian Oil's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Dec. 2023) net income data.
ROE % is displayed in the 30-year financial page.
Indian Oil (NSE:IOC) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Indian Oil ROE % Related Terms
Thank you for viewing the detailed overview of Indian Oil's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:IOC has been successfully added to your 