Polyard Petroleum International Group (HKSE:08011) ROCE % : -1.55% (As of Sep. 2022)

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What is Polyard Petroleum International Group 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. Polyard Petroleum International Group's annualized ROCE % for the quarter that ended in Sep. 2022 was -1.55%.

Polyard Petroleum International Group ROCE % Historical Data

The historical data trend for Polyard Petroleum International Group'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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Polyard Petroleum International Group ROCE % Chart

Polyard Petroleum International Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-2.72

-11.36

-69.33

7.49

60.16

Polyard Petroleum International Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial															-3.66	192.28	-1.62	-2.00	-1.55

Polyard Petroleum International Group ROCE % Calculation

Polyard Petroleum International Group's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	158.978	/	( ( (334.051 - 160.435)	+	(550.956 - 196.023) )	/ 2 )
	=	158.978	/	( (173.616	+	354.933)	/ 2 )
	=	158.978	/	264.2745
	=	60.16 %

Polyard Petroleum International Group's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-5.376	/	( ( (546.491 - 199.026)	+	(0 - 0) )	/ 1 )
	=	-5.376	/	( ( 347.465	+	0 )	/ 1 )
	=	-5.376	/	347.465
	=	-1.55 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Polyard Petroleum International Group (HKSE:08011) 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.

Polyard Petroleum International Group ROCE % Related Terms

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Polyard Petroleum International Group (HKSE:08011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Polyard Petroleum International Group Ltd (HKSE:08011) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2 Wing Yip Street, Unit 06, 4th Floor, Lu Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.ppig.com.hk

Polyard Petroleum International Group Ltd is engaged in the exploration, development, and production of oil and natural gas. The operating segments of the company are the exploration of oil, natural gas and coal, trading of petroleum-related products, and provision of technical services for oil and gas exploration and development.

Executives

He Rong Guo	2101 Beneficial owner
Silver Star Enterprises Holdings Inc.	2101 Beneficial owner
Guoxiang Holdings (hong Kong) Limited	2101 Beneficial owner
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
China Construction Bank Corporation	2201 Interest of corporation controlled by you
Li Suiqing	2201 Interest of corporation controlled by you
East Asia Oil Engineering Group Limited	2101 Beneficial owner
Inwood Support Limited	2201 Interest of corporation controlled by you
Lam Nam	2101 Beneficial owner

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