Petrolia SE (OSL:PSE) ROCE % : 5.90% (As of Dec. 2023)

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What is Petrolia SE 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. Petrolia SE's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.90%.

Petrolia SE ROCE % Historical Data

The historical data trend for Petrolia SE'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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Petrolia SE ROCE % Chart

Petrolia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.61

2.91

1.40

4.25

7.95

Petrolia SE 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															-5.12	2.11	6.16	9.88	5.90

Petrolia SE ROCE % Calculation

Petrolia SE'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 )
	=	40.847	/	( ( (630.933 - 141.305)	+	(705.523 - 168.179) )	/ 2 )
	=	40.847	/	( (489.628	+	537.344)	/ 2 )
	=	40.847	/	513.486
	=	7.95 %

Petrolia SE'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 )
	=	31.86	/	( ( (710.911 - 168.607)	+	(705.523 - 168.179) )	/ 2 )
	=	31.86	/	( ( 542.304	+	537.344 )	/ 2 )
	=	31.86	/	539.824
	=	5.90 %

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

Petrolia SE (OSL:PSE) 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.

Petrolia SE ROCE % Related Terms

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Petrolia SE (OSL:PSE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrolia SE (OSL:PSE) » Definitions » ROCE %

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PSEo:Sweden

Address

205 Christodoulou Chatzipavlou Street, Loulloupis Court, 4th Floor, Office 401, Limassol, CYP, 3036

Website

https://www.petrolia.eu

Petrolia SE is an international oil service company. The main activities of the company are within two segments: The energy division and the Energy Service division. The group operates in Norway, Europe outside Norway, Asia and Australia, and other regions. The company generates maximum revenue from Asia and Australia. It generates revenue by providing drilling equipment, such as drill pipes and test strings to oil companies, drilling contractors, and oil service companies.

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