CVO Petrochemical Refinery (DHA:CVOPRL) ROCE % : 35.09% (As of Dec. 2023)

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What is CVO Petrochemical Refinery 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. CVO Petrochemical Refinery's annualized ROCE % for the quarter that ended in Dec. 2023 was 35.09%.

CVO Petrochemical Refinery ROCE % Historical Data

The historical data trend for CVO Petrochemical Refinery'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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CVO Petrochemical Refinery ROCE % Chart

CVO Petrochemical Refinery Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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3.95

3.34

-12.35

-15.42

15.53

CVO Petrochemical Refinery 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															21.48	21.70	47.93	58.91	35.09

CVO Petrochemical Refinery ROCE % Calculation

CVO Petrochemical Refinery's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	42.656	/	( ( (629.065 - 362.208)	+	(863.809 - 581.437) )	/ 2 )
	=	42.656	/	( (266.857	+	282.372)	/ 2 )
	=	42.656	/	274.6145
	=	15.53 %

CVO Petrochemical Refinery'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 )
	=	111.176	/	( ( (913.336 - 601.293)	+	(837.812 - 516.241) )	/ 2 )
	=	111.176	/	( ( 312.043	+	321.571 )	/ 2 )
	=	111.176	/	316.807
	=	35.09 %

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

CVO Petrochemical Refinery (DHA:CVOPRL) 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.

CVO Petrochemical Refinery ROCE % Related Terms

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CVO Petrochemical Refinery (DHA:CVOPRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVO Petrochemical Refinery PLC (DHA:CVOPRL) » Definitions » ROCE %

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Address

37, Katalgonj, Panchlaish, Chattogram, BGD, 4203

Website

http://www.cvopetro.com

CVO Petrochemical Refinery Ltd is a petrochemical company. It is engaged in the production and sale of Hydrocarbon Solvent with the use of new raw material Naphtha and also supplies fuels like Motor Spirit (MS), Mineral Turpentine (MTT), HSD (High-Speed Diesel) which it produces from Natural Gas Condensate.

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