Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) ROCE % : 10.56% (As of Dec. 2023)

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What is Motor Oil (Hellas) Corinth Refineries 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. Motor Oil (Hellas) Corinth Refineries's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.56%.

Motor Oil (Hellas) Corinth Refineries ROCE % Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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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Motor Oil (Hellas) Corinth Refineries ROCE % Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.95

-3.83

11.41

38.48

21.36

Motor Oil (Hellas) Corinth Refineries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															26.02	26.15	8.48	44.40	10.56

Motor Oil (Hellas) Corinth Refineries ROCE % Calculation

Motor Oil (Hellas) Corinth Refineries'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 )
	=	1160.808	/	( ( (7197.939 - 2110.918)	+	(7573.155 - 1790.981) )	/ 2 )
	=	1160.808	/	( (5087.021	+	5782.174)	/ 2 )
	=	1160.808	/	5434.5975
	=	21.36 %

Motor Oil (Hellas) Corinth Refineries'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	602.368	/	( ( (7679.119 - 2053.678)	+	(7573.155 - 1790.981) )	/ 2 )
	=	602.368	/	( ( 5625.441	+	5782.174 )	/ 2 )
	=	602.368	/	5703.8075
	=	10.56 %

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

Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) 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.

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Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (FRA:MHZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOH:Greece 0MQT:UK MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.

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