Petrol AD (XBUL:PET) ROCE % : -4.32% (As of Mar. 2023)

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What is Petrol AD 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. Petrol AD's annualized ROCE % for the quarter that ended in Mar. 2023 was -4.32%.

Petrol AD ROCE % Historical Data

The historical data trend for Petrol AD'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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Petrol AD ROCE % Chart

Petrol AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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167.27

-1.59

-6.78

-6.94

20.68

Petrol AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-49.92	-18.19	34.67	-	-4.32

Petrol AD ROCE % Calculation

Petrol AD's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	16.987	/	( ( (127.028 - 76.282)	+	(192.145 - 78.635) )	/ 2 )
	=	16.987	/	( (50.746	+	113.51)	/ 2 )
	=	16.987	/	82.128
	=	20.68 %

Petrol AD's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-4.796	/	( ( (192.145 - 78.635)	+	(175.903 - 67.615) )	/ 2 )
	=	-4.796	/	( ( 113.51	+	108.288 )	/ 2 )
	=	-4.796	/	110.899
	=	-4.32 %

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

Petrol AD (XBUL:PET) 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.

Petrol AD ROCE % Related Terms

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Petrol AD (XBUL:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrol AD (XBUL:PET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

bul. Cherni vrah 43, rayon Lozenets, Sofia, BGR, 1407

Website

http://www.petrol.bg

Petrol AD is engaged in the distribution of fuels in Bulgaria. Its other business activities comprise selling of fuel at retail and wholesale, storage of fuels and maintenance of fuel sales facilities.