Perdana Petroleum Bhd (XKLS:7108) ROCE % : 16.65% (As of Dec. 2023)

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What is Perdana Petroleum Bhd 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. Perdana Petroleum Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.65%.

Perdana Petroleum Bhd ROCE % Historical Data

The historical data trend for Perdana Petroleum Bhd'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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Perdana Petroleum Bhd ROCE % Chart

Perdana Petroleum Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.82

-4.15

-37.04

2.86

9.76

Perdana Petroleum Bhd 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															10.55	-4.66	9.08	16.71	16.65

Perdana Petroleum Bhd ROCE % Calculation

Perdana Petroleum Bhd'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 )
	=	74.259	/	( ( (822.768 - 84.435)	+	(907.527 - 123.592) )	/ 2 )
	=	74.259	/	( (738.333	+	783.935)	/ 2 )
	=	74.259	/	761.134
	=	9.76 %

Perdana Petroleum Bhd'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 )
	=	131.272	/	( ( (902.156 - 109.683)	+	(907.527 - 123.592) )	/ 2 )
	=	131.272	/	( ( 792.473	+	783.935 )	/ 2 )
	=	131.272	/	788.204
	=	16.65 %

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

Perdana Petroleum Bhd (XKLS:7108) 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.

Perdana Petroleum Bhd ROCE % Related Terms

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Perdana Petroleum Bhd (XKLS:7108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Perdana Petroleum Bhd (XKLS:7108) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

VSQ at PJCC, Jalan Utara, Level 18, Block 2, Petaling Jaya, SGR, MYS, 46200

Website

https://www.perdana.my

Perdana Petroleum Bhd is a Malaysia based company that engages in the provision of offshore marine support services for the upstream oil and gas industry in the domestic and regional markets. It operates through the only segment: Marine offshore support services. The Marine offshore support services segment is engaged in the provision of vessels for the upstream oil and gas industry, ranging from towing, mooring and anchoring of non-self-propelled marine vessels, and transportation of drilling equipment, production chemicals, and project materials to engineering and workshop facilities onboard. Geographically, it derives majority revenue from Malaysia.

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