PXP Energy (PXP Energy) ROCE % : -0.10% (As of Mar. 2024)

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What is PXP Energy 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. PXP Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.10%.

PXP Energy ROCE % Historical Data

The historical data trend for PXP Energy'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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PXP Energy ROCE % Chart

PXP Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.01

-1.24

-83.99

-0.90

-2.33

PXP Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.52	-0.60	-1.21	-6.93	-0.10

PXP Energy ROCE % Calculation

PXP Energy'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 )
	=	-1.221	/	( ( (56.279 - 2.501)	+	(52.551 - 1.526) )	/ 2 )
	=	-1.221	/	( (53.778	+	51.025)	/ 2 )
	=	-1.221	/	52.4015
	=	-2.33 %

PXP Energy's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.052	/	( ( (52.551 - 1.526)	+	(53.246 - 1.541) )	/ 2 )
	=	-0.052	/	( ( 51.025	+	51.705 )	/ 2 )
	=	-0.052	/	51.365
	=	-0.10 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

PXP Energy (GREY:PXPEF) 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.

PXP Energy ROCE % Related Terms

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PXP Energy (PXP Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PXP Energy Corp (GREY:PXPEF) » Definitions » ROCE %

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PXP:Philippines

Address

Reliance Corner Sheridan Streets, 2nd Floor LaunchPad, Mandaluyong City, PHL, 1550

Website

https://www.pxpenergy.com.ph

PXP Energy Corp is engaged in the exploration and production of crude oil, natural gas, and coal. The firm operates through the segments namely, Oil and Gas activities and Coal mining activitie. The majority of the company's revenue is generated from Oil and Gas activities segment.

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