CNX Resources (CNX Resources) ROCE %

: 35.35% (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

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. CNX Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 35.35%.

CNX Resources ROCE % Historical Data

The historical data trend for CNX Resources'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.

CNX Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

2.54

-5.36

-6.58

-1.17

31.54

CNX Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															76.10	51.96	34.72	2.85	35.35

CNX Resources ROCE % Calculation

CNX Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2366.203	/	( ( (8515.773 - 1312.804)	+	(8626.657 - 822.998) )	/ 2 )
	=	2366.203	/	( (7202.969	+	7803.659)	/ 2 )
	=	2366.203	/	7503.314
	=	31.54 %

CNX Resources'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 )
	=	2705.344	/	( ( (8492.637 - 991.018)	+	(8626.657 - 822.998) )	/ 2 )
	=	2705.344	/	( ( 7501.619	+	7803.659 )	/ 2 )
	=	2705.344	/	7652.639
	=	35.35 %

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

CNX Resources (NYSE:CNX) 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.

CNX Resources ROCE % Related Terms

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

CNX Resources (CNX Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNX Resources Corp (NYSE:CNX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CGD:Germany CGD:Germany

Address

1000 Horizon Vue Drive, Canonsburg, PA, USA, 15317-6506

Website

https://www.cnx.com

CNX Resources Corp is an independent natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.

Executives

Bernard Jr Lanigan	director	150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Navneet Behl	officer: Chief Operating Officer	1000 HORIZON VUE DRIVE, CANONSBURG PA 15317
Robert Agbede	director	1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Hayley Scott	officer: Chief Risk Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ravi Srivastava	officer: Vice President, Green Ventures	1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Alexander John Reyes	officer: EVP, GC & Corp. Sec.	CNX CENTER, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Donald W. Rush	officer: EVP & Chief Financial Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Alan K Shepard	officer: Vice President and CAO	1000 CONSOL ENERGY DRIVE SUITE 400, CANONSBURG PA 15317
N J Deiuliis	director, officer: President and CEO	1800 WASHINGTON RD., PITTSBURGH PA 15421-4000
Stephanie L Gill	officer: SVP, GC and Secretary	C/O VERTIV HOLDINGS CO, 1050 DEARBORN DRIVE, COLUMBUS OH 43085
Olayemi Akinkugbe	officer: Chief Excellence Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ian R Mcguire	director	PO BOX 1526, ROSS CA 94957
J. Palmer Clarkson	director	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Chad A Griffith	officer: VP Commercial & VP Marketing	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Andrea D. Passman	officer: Sr VP Engineering & Operations	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317