Linde India (NSE:LINDEINDIA) ROCE % : 15.50% (As of Mar. 2024)

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What is Linde 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. Linde India's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.50%.

Linde India ROCE % Historical Data

The historical data trend for Linde 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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Linde India ROCE % Chart

Linde India Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.39

48.62

9.32

24.52

15.34

Linde India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	16.23	18.02	15.50

Linde India ROCE % Calculation

Linde India's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	4817.76	/	( ( (40166.1 - 8753.23)	+	(0 - 0) )	/ 1 )
	=	4817.76	/	( (31412.87	+	0)	/ 1 )
	=	4817.76	/	31412.87
	=	15.34 %

Linde India'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 )
	=	5850.4	/	( ( (0 - 0)	+	(48052.38 - 10313.98) )	/ 1 )
	=	5850.4	/	( ( 0	+	37738.4 )	/ 1 )
	=	5850.4	/	37738.4
	=	15.50 %

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

Linde India (NSE:LINDEINDIA) 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.

Linde India ROCE % Related Terms

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Linde India (NSE:LINDEINDIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Linde India Ltd (NSE:LINDEINDIA) » Definitions » ROCE %

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523457:India

Address

P43 Taratala Road, Oxygen House, Kolkata, WB, IND, 700 088

Website

https://www.linde.in

Linde India Ltd is a manufacturer of industrial gases. It operates in two segments: Gases and Related Products, which comprises pipeline gas supplies (Onsite) to large industrial customers, mainly the steel, glass, and chemical industries; and Project Engineering, which includes design, engineering, supply, installation, testing, and commissioning of Air Separation Plants and related projects on turnkey basis. The majority of its revenue comes from its Gases segment from the domestic market.

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