BP Prudhoe Bay Royalty Trust (BP Prudhoe Bay Royalty Trust) ROCE % : -23.78% (As of Dec. 2023)

View and export this data going back to 1989. Start your Free Trial

What is BP Prudhoe Bay Royalty Trust 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. BP Prudhoe Bay Royalty Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.78%.

BP Prudhoe Bay Royalty Trust ROCE % Historical Data

The historical data trend for BP Prudhoe Bay Royalty Trust'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.

BP Prudhoe Bay Royalty Trust ROCE % Chart

BP Prudhoe Bay Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6,023.52

1,478.44

271.01

1,414.77

98.84

BP Prudhoe Bay Royalty Trust 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															1,045.36	451.66	-42.92	-11.75	-23.78

BP Prudhoe Bay Royalty Trust ROCE % Calculation

BP Prudhoe Bay Royalty Trust'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 )
	=	5.313	/	( ( (6.067 - 0.28)	+	(5.302 - 0.338) )	/ 2 )
	=	5.313	/	( (5.787	+	4.964)	/ 2 )
	=	5.313	/	5.3755
	=	98.84 %

BP Prudhoe Bay Royalty Trust'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 )
	=	-1.212	/	( ( (5.534 - 0.305)	+	(5.302 - 0.338) )	/ 2 )
	=	-1.212	/	( ( 5.229	+	4.964 )	/ 2 )
	=	-1.212	/	5.0965
	=	-23.78 %

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

BP Prudhoe Bay Royalty Trust (NYSE:BPT) 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.

BP Prudhoe Bay Royalty Trust ROCE % Related Terms

Thank you for viewing the detailed overview of BP Prudhoe Bay Royalty Trust's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

BP Prudhoe Bay Royalty Trust (BP Prudhoe Bay Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BP Prudhoe Bay Royalty Trust (NYSE:BPT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BMI:Germany BMI:Germany

Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

http://www.bnymellon.com

BP Prudhoe Bay Royalty Trust is a grantor trust operating in the US. The property of the Trust consists of an overriding royalty interest. The Royalty Interest entitles the Trust to receive the royalty from the production of crude oil and condensate from the working interest of BP Exploration (Alaska) Inc. in the Prudhoe Bay oil field located on the North Slope of Alaska.