ADNOC Gas (ADX:ADNOCGAS) ROCE % : 25.71% (As of Dec. 2023)

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What is ADNOC Gas 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. ADNOC Gas's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.71%.

ADNOC Gas ROCE % Historical Data

The historical data trend for ADNOC Gas'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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ADNOC Gas ROCE % Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

ROCE %

-11.30

24.09

25.71

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
ROCE %	-11.30	24.09	25.71

ADNOC Gas ROCE % Calculation

ADNOC Gas'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. 2021 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2021 )		(A: Dec. 2023 )
	=	21695.191	/	( ( (77646.628 - 1340.635)	+	(106587.4 - 14117.152) )	/ 2 )
	=	21695.191	/	( (76305.993	+	92470.248)	/ 2 )
	=	21695.191	/	84388.1205
	=	25.71 %

ADNOC Gas'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: Dec. 2021 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2021 )		(Q: Dec. 2023 )
	=	21695.191	/	( ( (77646.628 - 1340.635)	+	(106587.4 - 14117.152) )	/ 2 )
	=	21695.191	/	( ( 76305.993	+	92470.248 )	/ 2 )
	=	21695.191	/	84388.1205
	=	25.71 %

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

ADNOC Gas (ADX:ADNOCGAS) 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.

ADNOC Gas ROCE % Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corniche Road West, P.O. Box 898, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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