Pioneer Natural Resources Co (BSP:P1IO34) ROCE %

: 19.64% (As of Dec. 2023)

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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. Pioneer Natural Resources Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.64%.

Pioneer Natural Resources Co ROCE % Historical Data

The historical data trend for Pioneer Natural Resources Co'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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Pioneer Natural Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

7.07

-0.77

11.95

30.05

18.86

Pioneer Natural Resources Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																24.04	20.20	17.34	21.12	19.64

Pioneer Natural Resources Co ROCE % Calculation

Pioneer Natural Resources Co'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 )
	=	31304.822	/	( ( (187470.596 - 20388.87)	+	(179396.377 - 14572.005) )	/ 2 )
	=	31304.822	/	( (167081.726	+	164824.372)	/ 2 )
	=	31304.822	/	165953.049
	=	18.86 %

Pioneer Natural Resources Co'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 )
	=	32221.084	/	( ( (179571.132 - 16213.752)	+	(179396.377 - 14572.005) )	/ 2 )
	=	32221.084	/	( ( 163357.38	+	164824.372 )	/ 2 )
	=	32221.084	/	164090.876
	=	19.64 %

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

Pioneer Natural Resources Co (BSP:P1IO34) 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.

Pioneer Natural Resources Co ROCE % Related Terms

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Pioneer Natural Resources Co (BSP:P1IO34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pioneer Natural Resources Co (BSP:P1IO34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PXD:USA PXD:Mexico 1PXD:Italy PNK:Germany

Address

777 Hidden Ridge, Irving, TX, USA, 75038

Website

https://www.pxd.com

Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.

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