Shell Pilipinas (PHS:SHLPH) ROCE % : -2.25% (As of Dec. 2023)

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What is Shell Pilipinas 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. Shell Pilipinas's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.25%.

Shell Pilipinas ROCE % Historical Data

The historical data trend for Shell Pilipinas'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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Shell Pilipinas ROCE % Chart

Shell Pilipinas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.06

-35.67

14.29

12.42

8.31

Shell Pilipinas 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															-8.33	2.72	9.42	22.04	-2.25

Shell Pilipinas ROCE % Calculation

Shell Pilipinas'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 )
	=	5205.127	/	( ( (117036.405 - 59770.812)	+	(115922.215 - 47848.939) )	/ 2 )
	=	5205.127	/	( (57265.593	+	68073.276)	/ 2 )
	=	5205.127	/	62669.4345
	=	8.31 %

Shell Pilipinas'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 )
	=	-1528.376	/	( ( (120918.916 - 52958.496)	+	(115922.215 - 47848.939) )	/ 2 )
	=	-1528.376	/	( ( 67960.42	+	68073.276 )	/ 2 )
	=	-1528.376	/	68016.848
	=	-2.25 %

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

Shell Pilipinas (PHS:SHLPH) 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.

Shell Pilipinas ROCE % Related Terms

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Shell Pilipinas (PHS:SHLPH) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell Pilipinas Corp (PHS:SHLPH) » Definitions » ROCE %

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Address

26th Street Corner 9th Avenue, 41st Floor, The Finance Center, Bonifacio Global City, Brgy. Fort Bonifacio, Metro Manila, Taguig City, RIZ, PHL, 1635

Website

https://www.pilipinas.shell.com.ph

Shell Pilipinas Corp formerly Pilipinas Shell Petroleum Corp is engaged in the marketing of petroleum products. Its integrated downstream operations span all aspects of the downstream product supply chain, from importing crude oil to distributing petroleum products to its customers across the Philippines. The company offers products such as gasoline, diesel, fuel oil, aviation fuel, marine fuel, lubricants, and bitumen. It solely operates in the Downstream Oil and Gas segment.

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