Petro Welt Technologies AG (STU:O2C) ROCE % : 4.69% (As of Jun. 2023)

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What is Petro Welt Technologies AG 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. Petro Welt Technologies AG's annualized ROCE % for the quarter that ended in Jun. 2023 was 4.69%.

Petro Welt Technologies AG ROCE % Historical Data

The historical data trend for Petro Welt Technologies AG'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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Petro Welt Technologies AG ROCE % Chart

Petro Welt Technologies AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.67

4.65

6.56

-2.88

-8.44

Petro Welt Technologies AG Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-2.58	0.26	-	-0.74	4.69

Petro Welt Technologies AG ROCE % Calculation

Petro Welt Technologies AG'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 )
	=	-20.827	/	( ( (403.647 - 65.527)	+	(162.788 - 7.283) )	/ 2 )
	=	-20.827	/	( (338.12	+	155.505)	/ 2 )
	=	-20.827	/	246.8125
	=	-8.44 %

Petro Welt Technologies AG's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	6.868	/	( ( (155.774 - 5.792)	+	(149.229 - 6.396) )	/ 2 )
	=	6.868	/	( ( 149.982	+	142.833 )	/ 2 )
	=	6.868	/	146.4075
	=	4.69 %

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

Petro Welt Technologies AG (STU:O2C) 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.

Petro Welt Technologies AG ROCE % Related Terms

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Petro Welt Technologies AG (STU:O2C) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Welt Technologies AG (STU:O2C) » Definitions » ROCE %

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Address

Karntner Ring 11-13, Vienna, AUT, 1010

Website

https://www.pewete.com

Petro Welt Technologies AG is a service provider of oilfield services in Russia & Kazakhstan. The operating segment of the company is Well Services & Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM), and Proppant Manufacturing. The Well Services & Stimulation segment comprises hydraulic fracturing, cementing, & coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, & IPM segment encompasses conventional drilling, sidetrack drilling, & IPM. The Proppant Manufacturing segment offers goods for the oil & natural gas industry & manufactures different kinds of Proppant in Kopeysk, Russia. The majority is from the Well Services and Stimulation segment. Geographically, key revenue is from Russia.

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