PGS ASA (PGS ASA) ROCE % : 7.41% (As of Sep. 2023)

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What is PGS ASA 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. PGS ASA's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.41%.

PGS ASA ROCE % Historical Data

The historical data trend for PGS ASA'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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PGS ASA ROCE % Chart

PGS ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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0.69

1.74

-22.20

-6.77

8.10

PGS ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															12.58	10.77	-7.84	7.97	7.41

PGS ASA ROCE % Calculation

PGS ASA's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	103.6	/	( ( (1792.8 - 464.4)	+	(1953.3 - 724.6) )	/ 2 )
	=	103.6	/	( (1328.4	+	1228.7)	/ 2 )
	=	103.6	/	1278.55
	=	8.10 %

PGS ASA's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	83.2	/	( ( (1688.9 - 599.5)	+	(1766.3 - 610.7) )	/ 2 )
	=	83.2	/	( ( 1089.4	+	1155.6 )	/ 2 )
	=	83.2	/	1122.5
	=	7.41 %

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

PGS ASA (OTCPK:PGEJF) 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.

PGS ASA ROCE % Related Terms

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PGS ASA (PGS ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PGS ASA (OTCPK:PGEJF) » Definitions » ROCE %

Comparable Companies

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PGSo:Sweden PGS:Norway PGSo:UK 0MHR:UK PGS1:Germany

Address

Lilleakerveien 4C, Oslo, NOR, 0283

Website

https://www.pgs.com

PGS ASA provides images and 3D models of the subsurface beneath the ocean floor. Oil-market participants use PGS services to find oil and gas reserves. The company's complete line of products includes seismic, electromagnetic, and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The majority of revenue is derived from the multiclient segment where it initiates and manages seismic surveys, which PGS acquires, processes, markets, and sells to multiple customers on a nonexclusive basis. Products and services are offered in offshore markets around the world. Geographically, the majority is derived from Norway.

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