Bharat Petroleum (BOM:500547) ROCE % : 27.24% (As of Mar. 2024)

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What is Bharat 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. Bharat Petroleum's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.24%.

Bharat Petroleum ROCE % Historical Data

The historical data trend for Bharat 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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Bharat Petroleum ROCE % Chart

Bharat Petroleum Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.58

25.14

17.69

6.51

34.36

Bharat 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															36.52	52.87	39.33	16.57	27.24

Bharat Petroleum ROCE % Calculation

Bharat 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 )
	=	403433.3	/	( ( (1881087.7 - 748417.1)	+	(2024177.5 - 808833.5) )	/ 2 )
	=	403433.3	/	( (1132670.6	+	1215344)	/ 2 )
	=	403433.3	/	1174007.3
	=	34.36 %

Bharat 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 )
	=	331026.4	/	( ( (0 - 0)	+	(2024177.5 - 808833.5) )	/ 1 )
	=	331026.4	/	( ( 0	+	1215344 )	/ 1 )
	=	331026.4	/	1215344
	=	27.24 %

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

Bharat Petroleum (BOM:500547) 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.

Bharat Petroleum ROCE % Related Terms

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Bharat Petroleum (BOM:500547) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bharat Petroleum Corp Ltd (BOM:500547) » Definitions » ROCE %

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BPCL:India

Address

4 and 6 Currimbhoy Road, Ballard Estate, Bharat Bhavan, P.O. Box No. 668, Mumbai, MH, IND, 400001

Website

https://www.bharatpetroleum.in

Bharat Petroleum Corp Ltd operates several refineries in India, while also marketing and distributing petroleum by-products. Operations are divided into the business segments: Downstream Petroleum (majority of revenue) and Exploration and Production of hydorcarbons. Downstream Petroleum operations include the refineries that produce liquefied petroleum gas, aromatics, kerosene, fuel oil, furnace oil, and bitumen. Bharat's petroleum by-products are often commanded by consumers in aviation, autos, maritime, and many other industrial segments. The Downstream Petroleum operations also include the network of retail service stations across India.

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