Pioneer Oil & Gas (Pioneer Oil & Gas) ROCE % : 195.20% (As of Jun. 2005)

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

What is Pioneer Oil & Gas 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. Pioneer Oil & Gas's annualized ROCE % for the quarter that ended in Jun. 2005 was 195.20%.

Pioneer Oil & Gas ROCE % Historical Data

The historical data trend for Pioneer Oil & Gas'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.

Pioneer Oil & Gas ROCE % Chart

Pioneer Oil & Gas Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

ROCE %

-0.95

3.21

-13.59

70.53

39.75

Pioneer Oil & Gas Quarterly Data
	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05
ROCE %	Get a 7-Day Free Trial															46.18	85.26	40.59	300.84	195.20

Pioneer Oil & Gas ROCE % Calculation

Pioneer Oil & Gas's annualized ROCE % for the fiscal year that ended in Sep. 2004 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2004 )		(A: Sep. 2003 )		(A: Sep. 2004 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2004 )		(A: Sep. 2003 )		(A: Sep. 2004 )
	=	0.542	/	( ( (1.182 - 0.147)	+	(2.385 - 0.693) )	/ 2 )
	=	0.542	/	( (1.035	+	1.692)	/ 2 )
	=	0.542	/	1.3635
	=	39.75 %

Pioneer Oil & Gas's ROCE % of for the quarter that ended in Jun. 2005 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2005 )		(Q: Mar. 2005 )		(Q: Jun. 2005 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2005 )		(Q: Mar. 2005 )		(Q: Jun. 2005 )
	=	9.524	/	( ( (4.441 - 0.255)	+	(7.659 - 2.087) )	/ 2 )
	=	9.524	/	( ( 4.186	+	5.572 )	/ 2 )
	=	9.524	/	4.879
	=	195.20 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2005) EBIT data.

Pioneer Oil & Gas (OTCPK:POGS) 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.

Pioneer Oil & Gas ROCE % Related Terms

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

Pioneer Oil & Gas (Pioneer Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pioneer Oil & Gas (OTCPK:POGS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1206 West South Jordan Parkway, Unit B, South Jordan, UT, USA, 84095-5512

Website

http://www.piol.com

Pioneer Oil & Gas operates in the oil and gas integrated industry. The company is engaged in the business of acquiring, developing, producing, and selling oil and gas properties to companies located in the continental United States.

Executives

Don Jared Colton	director, 10 percent owner, officer: President	2172 GAMBEL OAK DR, SANDY UT 84092
Gregg B Colton	director, 10 percent owner, officer: Vice President and Secretary	1206 W SOUTH JORDON PARKWAY, UNITE B, SOUTH JORDAN UT 84095

Pioneer Oil & Gas (Pioneer Oil & Gas) Headlines

From GuruFocus

Pioneer Announces Lawsuit and Enforcement Action

By ACCESSWIRE AccessWire • 04-12-2019

Pioneer Announces Fiscal 2018 Results

By ACCESSWIRE AccessWire • 04-12-2019