PetroNor E&P ASA (OSL:PNOR) ROCE % : 89.37% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is PetroNor E&P ASA 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. PetroNor E&P ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was 89.37%.

PetroNor E&P ASA ROCE % Historical Data

The historical data trend for PetroNor E&P ASA'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.

* Premium members only.

PetroNor E&P ASA ROCE % Chart

PetroNor E&P ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

68.05

60.37

86.09

71.20

57.59

PetroNor E&P ASA Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									63.07	141.27	-	21.91	89.37

PetroNor E&P ASA ROCE % Calculation

PetroNor E&P ASA'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 )
	=	1099.627	/	( ( (1822.552 - 261.131)	+	(2526.813 - 269.548) )	/ 2 )
	=	1099.627	/	( (1561.421	+	2257.265)	/ 2 )
	=	1099.627	/	1909.343
	=	57.59 %

PetroNor E&P ASA'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 )
	=	1878.848	/	( ( (2252.273 - 304.667)	+	(2526.813 - 269.548) )	/ 2 )
	=	1878.848	/	( ( 1947.606	+	2257.265 )	/ 2 )
	=	1878.848	/	2102.4355
	=	89.37 %

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

PetroNor E&P ASA (OSL:PNOR) 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.

PetroNor E&P ASA ROCE % Related Terms

Thank you for viewing the detailed overview of PetroNor E&P ASA's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

PetroNor E&P ASA (OSL:PNOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroNor E&P ASA (OSL:PNOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PNORo:Sweden

Address

Froyas gate 13, Oslo, NOR, 0273

Website

https://www.petronorep.com

PetroNor E&P ASA is an independent oil and gas exploration and production company. The principal activities of the group are the exploration and production of crude oil.

PetroNor E&P ASA (OSL:PNOR) Headlines

No Headlines