Petronet LNG (BOM:532522) ROCE % : 31.92% (As of Dec. 2023)

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What is Petronet LNG 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. Petronet LNG's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.92%.

Petronet LNG ROCE % Historical Data

The historical data trend for Petronet LNG'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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Petronet LNG ROCE % Chart

Petronet LNG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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26.51

23.84

25.43

27.37

24.69

Petronet LNG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															23.03	34.30	20.62	23.85	31.92

Petronet LNG ROCE % Calculation

Petronet LNG'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 )
	=	47507.1	/	( ( (213617.7 - 27367.4)	+	(227524.9 - 29004) )	/ 2 )
	=	47507.1	/	( (186250.3	+	198520.9)	/ 2 )
	=	47507.1	/	192385.6
	=	24.69 %

Petronet LNG's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	66660.4	/	( ( (243556.4 - 34738.9)	+	(0 - 0) )	/ 1 )
	=	66660.4	/	( ( 208817.5	+	0 )	/ 1 )
	=	66660.4	/	208817.5
	=	31.92 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Petronet LNG (BOM:532522) 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.

Petronet LNG ROCE % Related Terms

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Petronet LNG (BOM:532522) Business Description

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PETRONET:India

Address

Babar Road, Barakhamba Lane, World Trade Centre, 1st Floor, New Delhi, IND, 110001

Website

https://www.petronetlng.in

Petronet LNG Ltd is an oil and gas refining and marketing company formed by the government of India. The company operates liquified natural gas receiving and regasification terminals across India. Through its terminals, it also offers tolling services and re-loading terminals. The company has a single operating segment which is Natural Gas Business. Petronet LNG also owns a solid cargo port at Dahej with facilities to import and export products such as steel, coal, and fertilizer in bulk. Sales are largely composed of regasified liquefied natural gas and the majority of its revenue is derived from India.

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