Arabian Petroleum (NSE:ARABIAN) ROCE % : 41.21% (As of Mar. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Arabian 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. Arabian Petroleum's annualized ROCE % for the quarter that ended in Mar. 2023 was 41.21%.

Arabian Petroleum ROCE % Historical Data

The historical data trend for Arabian 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.

* Premium members only.

Arabian Petroleum ROCE % Chart

Arabian Petroleum Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

30.27

44.38

33.69

40.51

41.21

Arabian Petroleum Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
ROCE %	30.27	44.38	33.69	40.51	41.21

Arabian Petroleum ROCE % Calculation

Arabian Petroleum'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 )
	=	90.183	/	( ( (713.494 - 521.118)	+	(765.088 - 519.747) )	/ 2 )
	=	90.183	/	( (192.376	+	245.341)	/ 2 )
	=	90.183	/	218.8585
	=	41.21 %

Arabian Petroleum's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	90.183	/	( ( (713.494 - 521.118)	+	(765.088 - 519.747) )	/ 2 )
	=	90.183	/	( ( 192.376	+	245.341 )	/ 2 )
	=	90.183	/	218.8585
	=	41.21 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Arabian Petroleum (NSE:ARABIAN) 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.

Arabian Petroleum ROCE % Related Terms

Thank you for viewing the detailed overview of Arabian Petroleum's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Arabian Petroleum (NSE:ARABIAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Petroleum Ltd (NSE:ARABIAN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 14-B, Morivali M.I.D.C, Opp. Positive Packaging, Ambernath West, Thane, MH, IND, 421505

Website

https://www.arabianpetroleum.co.in

Arabian Petroleum Ltd is a company engaged in the business of manufacturing wide range of Lubricants including Specialty Oils, Coolants etc ,used for Industrial and Automotive applications. Our business is categorized into two distinctive product division which includes Automotive Lubricants - Arzol and Industrial Lubricants - SPL.

Arabian Petroleum (NSE:ARABIAN) Headlines

No Headlines