TotalEnergies Marketing Ghana (XGHA:TOTAL) ROCE % : 45.47% (As of Sep. 2023)

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What is TotalEnergies Marketing Ghana 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. TotalEnergies Marketing Ghana's annualized ROCE % for the quarter that ended in Sep. 2023 was 45.47%.

TotalEnergies Marketing Ghana ROCE % Historical Data

The historical data trend for TotalEnergies Marketing Ghana'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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TotalEnergies Marketing Ghana ROCE % Chart

TotalEnergies Marketing Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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34.19

39.43

42.78

33.57

40.96

TotalEnergies Marketing Ghana Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															49.50	70.77	41.80	36.45	45.47

TotalEnergies Marketing Ghana ROCE % Calculation

TotalEnergies Marketing Ghana's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	225.566	/	( ( (1134.032 - 619.902)	+	(1780.306 - 1193.008) )	/ 2 )
	=	225.566	/	( (514.13	+	587.298)	/ 2 )
	=	225.566	/	550.714
	=	40.96 %

TotalEnergies Marketing Ghana's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	297.456	/	( ( (2172.75 - 1503.522)	+	(2220.121 - 1580.926) )	/ 2 )
	=	297.456	/	( ( 669.228	+	639.195 )	/ 2 )
	=	297.456	/	654.2115
	=	45.47 %

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

TotalEnergies Marketing Ghana (XGHA:TOTAL) 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.

TotalEnergies Marketing Ghana ROCE % Related Terms

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TotalEnergies Marketing Ghana (XGHA:TOTAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies Marketing Ghana Plc (XGHA:TOTAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Liberia Road, P.O. Box 553, Total House, Accra, GHA

Website

https://www.totalenergies.com.gh

TotalEnergies Marketing Ghana Plc is engaged in the business of marketing petroleum and allied products. The reportable operating segments derive their revenue mainly from the sales of petroleum and allied products. Revenue from sales to service stations Network and sales to consumer customers Commercial accounts for Ninety percent of the Company and Group's revenue. It offers services across the Aviation, Bitumen and Mining industries, besides the Manufacturing and Roads Sectors.

TotalEnergies Marketing Ghana (XGHA:TOTAL) Headlines

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