Gaztransport et technigaz (XPAR:GTT) ROCE % : 85.48% (As of Dec. 2023)

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What is Gaztransport et technigaz 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. Gaztransport et technigaz's annualized ROCE % for the quarter that ended in Dec. 2023 was 85.48%.

Gaztransport et technigaz ROCE % Historical Data

The historical data trend for Gaztransport et technigaz'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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Gaztransport et technigaz ROCE % Chart

Gaztransport et technigaz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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86.12

99.63

62.00

56.20

76.20

Gaztransport et technigaz Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															54.91	56.78	56.52	69.03	85.48

Gaztransport et technigaz ROCE % Calculation

Gaztransport et technigaz'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 )
	=	238.208	/	( ( (484.445 - 207.473)	+	(616.389 - 268.112) )	/ 2 )
	=	238.208	/	( (276.972	+	348.277)	/ 2 )
	=	238.208	/	312.6245
	=	76.20 %

Gaztransport et technigaz'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	277.184	/	( ( (547.088 - 246.826)	+	(616.389 - 268.112) )	/ 2 )
	=	277.184	/	( ( 300.262	+	348.277 )	/ 2 )
	=	277.184	/	324.2695
	=	85.48 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Gaztransport et technigaz (XPAR:GTT) 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.

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Gaztransport et technigaz (XPAR:GTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gaztransport et technigaz SA (XPAR:GTT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GZPZY:USA GZPZF:USA GTTp:UK 0QT5:UK 9TG:Germany

Address

1, Route de Versailles, Saint-Remy-les-Chevreuse, FRA, 78470

Website

https://www.gtt.fr

Gaztransport et technigaz SA is a France-based company that provides services relating to the building of liquefied natural gas storage and transport facilities. The company owns its proprietary testing laboratories and conducts research through its partnerships with research institutions, engineering companies, laboratories and universities. The company's clients mainly comprise liquefied natural gas carriers. The company generated almost all its revenue from South Korea and China.

Gaztransport et technigaz (XPAR:GTT) Headlines

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