INA-Industrija Nafte dd (FRA:I8E) ROCE % : 4.41% (As of Mar. 2024)

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What is INA-Industrija Nafte dd 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. INA-Industrija Nafte dd's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.41%.

INA-Industrija Nafte dd ROCE % Historical Data

The historical data trend for INA-Industrija Nafte dd'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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INA-Industrija Nafte dd ROCE % Chart

INA-Industrija Nafte dd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.74

-8.18

10.74

18.42

13.83

INA-Industrija Nafte dd 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															-0.34	18.87	18.62	18.80	4.41

INA-Industrija Nafte dd ROCE % Calculation

INA-Industrija Nafte dd'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 )
	=	326.545	/	( ( (3169.064 - 813.008)	+	(3141.889 - 774.844) )	/ 2 )
	=	326.545	/	( (2356.056	+	2367.045)	/ 2 )
	=	326.545	/	2361.5505
	=	13.83 %

INA-Industrija Nafte dd'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 )
	=	104.8	/	( ( (3141.889 - 774.844)	+	(3340.1 - 952.4) )	/ 2 )
	=	104.8	/	( ( 2367.045	+	2387.7 )	/ 2 )
	=	104.8	/	2377.3725
	=	4.41 %

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

INA-Industrija Nafte dd (FRA:I8E) 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.

INA-Industrija Nafte dd ROCE % Related Terms

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INA-Industrija Nafte dd (FRA:I8E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » INA-Industrija Nafte dd (FRA:I8E) » Definitions » ROCE %

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Traded in Other Exchanges

INA:Croatia

Address

Avenija Veceslava, Holjevca 10, Zagreb, HRV, 10 020

Website

https://www.ina.hr

INA-Industrija Nafte dd is a medium-sized European oil and gas company. It is engaged in exploration and production of oil and gas deposits, import of natural gas and sale of imported and domestically produced natural gas to industrial consumers and municipal gas distributors, refining and production of oil products through refineries located at Rijeka and Sisak, and Zagreb lubricants plants. Its segments are Exploration and Production of Oil & Gas; Refining & Marketing; Corporate and other. Exploration and Production of Oil & Gas segment include exploration, production, and selling of crude oil and natural gas. Refining & Marketing segment includes crude oil processing, wholesale of refinery products, trading, and logistics.

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