GSL Nova Petrochemicals (BOM:530605) ROCE % : 0.00% (As of Sep. 2019)

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What is GSL Nova Petrochemicals 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. GSL Nova Petrochemicals's annualized ROCE % for the quarter that ended in Sep. 2019 was 0.00%.

GSL Nova Petrochemicals ROCE % Historical Data

The historical data trend for GSL Nova Petrochemicals'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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GSL Nova Petrochemicals ROCE % Chart

GSL Nova Petrochemicals Annual Data

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ROCE %

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GSL Nova Petrochemicals Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19
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GSL Nova Petrochemicals ROCE % Calculation

GSL Nova Petrochemicals's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	41.351	/	( ( (245.135 - 755.892)	+	(139.483 - 628.032) )	/ 2 )
	=	41.351	/	( (-510.757	+	-488.549)	/ 2 )
	=	41.351	/	-499.653
	=	-8.28 %

GSL Nova Petrochemicals's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	889.86	/	( ( (0 - 0)	+	(17.441 - 283.306) )	/ 1 )
	=	889.86	/	( ( 0	+	-265.865 )	/ 1 )
	=	889.86	/	-265.865
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

GSL Nova Petrochemicals (BOM:530605) 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.

GSL Nova Petrochemicals ROCE % Related Terms

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GSL Nova Petrochemicals (BOM:530605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GSL Nova Petrochemicals Ltd (BOM:530605) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Sarkhej-Bavla Highway, Survey No. 396/403, Moraiya Village, Taluka Sanand, Ahmedabad, GJ, IND, 382210

Website

http://www.novapetro.com

GSL Nova Petrochemicals Ltd is an India-based company engaged in real estate activities.

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