EQT (EQT) ROCE %

: 12.70% (As of Dec. 2023)

View and export this data going back to 1950. Start your Free Trial

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. EQT's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.70%.

EQT ROCE % Historical Data

The historical data trend for EQT'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.

EQT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-7.80

-5.88

-7.81

14.62

11.01

EQT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																53.46	33.31	-0.79	0.28	12.70

EQT ROCE % Calculation

EQT'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 )
	=	2323.158	/	( ( (22669.926 - 3732.22)	+	(25285.098 - 2036.84) )	/ 2 )
	=	2323.158	/	( (18937.706	+	23248.258)	/ 2 )
	=	2323.158	/	21092.982
	=	11.01 %

EQT'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 )
	=	2900.92	/	( ( (24554.988 - 2118.944)	+	(25285.098 - 2036.84) )	/ 2 )
	=	2900.92	/	( ( 22436.044	+	23248.258 )	/ 2 )
	=	2900.92	/	22842.151
	=	12.70 %

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

EQT (NYSE:EQT) 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.

EQT ROCE % Related Terms

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

EQT (EQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EQT Corp (NYSE:EQT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EQ6:Germany EQ6:Germany

Address

625 Liberty Avenue, Suite 1700, Pittsburgh, PA, USA, 15222

Website

https://www.eqt.com

EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.

Executives

Qem Vi, Llc	10 percent owner	800 CAPITAL STREET, SUITE 3600, HOUSTON TX 77002
Q-xcl Holdings I (vi) Investment Partners, Llc	10 percent owner	800 CAPITOL STREET, SUITE 3600, HOUSTON TX 77002
Q-th Appalachia (vi) Investment Partners, Llc	10 percent owner	800 CAPITOL STREET, SUITE 3600, HOUSTON TX 77002
Vanloh S Wil Jr	10 percent owner	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
U.s. Bank Trust Company, National Association	10 percent owner	111 SW FIFTH AVENUE, PORTLAND OR 97204
Jeremy Knop	officer: CHIEF FINANCIAL OFFICER	625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222
Todd James	officer: Chief Accounting Officer	625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222
Lesley Evancho	officer: Chief Human Resources Officer	625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222
William E. Jordan	officer: EVP and General Counsel	400 WOODCLIFF DRIVE, CANONSBURG PA 15317
Kathryn Jean Jackson	director	121 SW SALMON STREET, PORTLAND OR 97204
Frank C. Hu	director	625 LIBERTY AVE., SUITE 1700, PITTSBURGH PA 15222
David M. Khani	officer: Chief Financial Officer	625 LIBERTY AVE., SUITE 1700, PITTSBURGH PA 15222
Toby Z. Rice	director, officer: President & CEO	400 WOODCLIFF DRIVE, CANONSBURG PA 15317
Lydia I Beebe	director	13403 NORTHWEST FREEWAY, HOUSTON TX 77040
Kyle Derham	officer: Interim Chf Financial Officer	625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222