National Fuel Gas Co (FRA:NFG) ROCE % : 13.08% (As of Mar. 2024)

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What is National Fuel Gas Co 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. National Fuel Gas Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.08%.

National Fuel Gas Co ROCE % Historical Data

The historical data trend for National Fuel Gas Co'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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National Fuel Gas Co ROCE % Chart

National Fuel Gas Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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8.77

0.19

9.82

14.52

11.13

National Fuel Gas Co 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															13.08	8.65	7.06	10.94	13.08

National Fuel Gas Co ROCE % Calculation

National Fuel Gas Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	724.568	/	( ( (7975.225 - 1961.995)	+	(7758.604 - 755.514) )	/ 2 )
	=	724.568	/	( (6013.23	+	7003.09)	/ 2 )
	=	724.568	/	6508.16
	=	11.13 %

National Fuel Gas Co'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 )
	=	944.632	/	( ( (7874.73 - 740.244)	+	(7982.863 - 669.69) )	/ 2 )
	=	944.632	/	( ( 7134.486	+	7313.173 )	/ 2 )
	=	944.632	/	7223.8295
	=	13.08 %

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

National Fuel Gas Co (FRA:NFG) 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.

National Fuel Gas Co ROCE % Related Terms

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National Fuel Gas Co (FRA:NFG) Business Description

Industry

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NFG:USA NFG:Germany

Address

6363 Main Street, Williamsville, NY, USA, 14221

Website

http://www.nationalfuelgas.com

National Fuel Gas Co is a diversified energy company engaged in the production, gathering, transportation, distribution, and marketing of natural gas. The operating segments of the company are the Exploration and Production segment, the Pipeline and Storage segment, the Gathering segment, and the Utility segment. Geographically it generates revenue from the United States and majorly it generates revenue from Exploration and Production segment.