Chennai Petroleum (BOM:500110) ROCE % : 33.02% (As of Mar. 2024)

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What is Chennai Petroleum 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. Chennai Petroleum's annualized ROCE % for the quarter that ended in Mar. 2024 was 33.02%.

Chennai Petroleum ROCE % Historical Data

The historical data trend for Chennai Petroleum'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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Chennai Petroleum ROCE % Chart

Chennai Petroleum Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-53.83

35.95

41.38

66.53

38.26

Chennai Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															62.64	34.40	65.02	21.03	33.02

Chennai Petroleum ROCE % Calculation

Chennai Petroleum'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 )
	=	39169.7	/	( ( (160361.1 - 65830.6)	+	(183312.7 - 73076.1) )	/ 2 )
	=	39169.7	/	( (94530.5	+	110236.6)	/ 2 )
	=	39169.7	/	102383.55
	=	38.26 %

Chennai Petroleum's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	36398.4	/	( ( (0 - 0)	+	(183312.7 - 73076.1) )	/ 1 )
	=	36398.4	/	( ( 0	+	110236.6 )	/ 1 )
	=	36398.4	/	110236.6
	=	33.02 %

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

Chennai Petroleum (BOM:500110) 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.

Chennai Petroleum ROCE % Related Terms

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Chennai Petroleum (BOM:500110) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chennai Petroleum Corp Ltd (BOM:500110) » Definitions » ROCE %

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CHENNPETRO:India

Address

New No. 536, Anna Salai, Teynampet, Chennai, TN, IND, 600 018

Website

https://www.cpcl.co.in

Chennai Petroleum Corp Ltd manufactures and supplies petrol products in India. The company has refineries in the following locations: Manali, Chennai and Panangudi Village, Nagapattinam District, Tamilnadu. The Manali refinery in India produces fuel, wax, lube, and petrochemical feedstock. The company also has a wax plant that produces paraffin wax for the manufacturing of candle wax, waterproof formulations, and match wax. Additionally, the company has a propylene plant which supplies petrochemical feedstock to neighbouring downstream industries. The company's main products include liquefied petroleum gas, motor spirit, superior kerosene oil, high-speed diesel, fuel oil, hexane, and petrochemical feedstocks. A large majority of sales are derived from petroleum products.

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