Jadranski Naftovod DD (ZAG:JNAF) ROCE % : 8.70% (As of Mar. 2024)

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What is Jadranski Naftovod DD 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. Jadranski Naftovod DD's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.70%.

Jadranski Naftovod DD ROCE % Historical Data

The historical data trend for Jadranski Naftovod DD'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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Jadranski Naftovod DD ROCE % Chart

Jadranski Naftovod DD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.31

7.57

6.86

7.64

9.09

Jadranski Naftovod DD 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															10.78	11.50	12.29	1.65	8.70

Jadranski Naftovod DD ROCE % Calculation

Jadranski Naftovod DD'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 )
	=	63.433	/	( ( (688.791 - 10.733)	+	(732.889 - 14.748) )	/ 2 )
	=	63.433	/	( (678.058	+	718.141)	/ 2 )
	=	63.433	/	698.0995
	=	9.09 %

Jadranski Naftovod DD'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 )
	=	62.972	/	( ( (732.889 - 14.748)	+	(745.297 - 15.41) )	/ 2 )
	=	62.972	/	( ( 718.141	+	729.887 )	/ 2 )
	=	62.972	/	724.014
	=	8.70 %

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

Jadranski Naftovod DD (ZAG:JNAF) 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.

Jadranski Naftovod DD ROCE % Related Terms

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Jadranski Naftovod DD (ZAG:JNAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jadranski Naftovod DD (ZAG:JNAF) » Definitions » ROCE %

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Address

Miramarska cesta 24, Zagreb, HRV, 10000

Website

https://www.janaf.hr

Jadranski Naftovod DD is mainly engaged in oil transportation activities and storage of oil and refinery products. The company operates the JANAF system which is an international crude oil transportation system consists of crude oil handling terminals and pipelines in Sisak, Gola, Virje, Sotin and Slavonski Brod and the accompanying pumping and metering stations. It also involved in the reloading and storage of crude oil and oil products as well as provision of engineering and technical advisory services.

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