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Motor Oil (Hellas) Corinth Refineries (STU:MHZ) ROC % : -9.77% (As of Sep. 2024)


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What is Motor Oil (Hellas) Corinth Refineries ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Motor Oil (Hellas) Corinth Refineries's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was -9.77%.

As of today (2025-03-20), Motor Oil (Hellas) Corinth Refineries's WACC % is 4.53%. Motor Oil (Hellas) Corinth Refineries's ROC % is 7.09% (calculated using TTM income statement data). Motor Oil (Hellas) Corinth Refineries generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Motor Oil (Hellas) Corinth Refineries ROC % Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries's ROC % 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.

Motor Oil (Hellas) Corinth Refineries ROC % Chart

Motor Oil (Hellas) Corinth Refineries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.81 -1.48 9.86 25.22 19.00

Motor Oil (Hellas) Corinth Refineries Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.27 10.20 17.88 13.23 -9.77

Motor Oil (Hellas) Corinth Refineries ROC % Calculation

Motor Oil (Hellas) Corinth Refineries's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=1130.046 * ( 1 - 22.32% )/( (4449.337 + 4793.288)/ 2 )
=877.8197328/4621.3125
=19.00 %

where

Invested Capital(A: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7197.939 - 1631.101 - ( 1199.174 - max(0, 2110.918 - 3228.419+1199.174))
=4449.337

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7573.155 - 1457.611 - ( 1322.256 - max(0, 1790.981 - 3351.199+1322.256))
=4793.288

Motor Oil (Hellas) Corinth Refineries's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=247.952 * ( 1 - 294.74% )/( (4878.291 + 5003.365)/ 2 )
=-482.8617248/4940.828
=-9.77 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7684.489 - 1548.684 - ( 1257.514 - max(0, 1841.626 - 3436.167+1257.514))
=4878.291

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7310.102 - 1313.602 - ( 993.135 - max(0, 1621.618 - 3083.321+993.135))
=5003.365

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

* 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.


Motor Oil (Hellas) Corinth Refineries  (STU:MHZ) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Motor Oil (Hellas) Corinth Refineries's WACC % is 4.53%. Motor Oil (Hellas) Corinth Refineries's ROC % is 7.09% (calculated using TTM income statement data). Motor Oil (Hellas) Corinth Refineries generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Motor Oil (Hellas) Corinth Refineries ROC % Related Terms

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Motor Oil (Hellas) Corinth Refineries Business Description

Traded in Other Exchanges
Address
12A, Irodou Attikou Street, Maroussi, GRC, 151 24
Motor Oil (Hellas) Corinth Refineries SA plays a role in the sectors of crude oil refining and marketing of petroleum products in Greece as well as the eastern Mediterranean region, supplying its customers with a wide range of quality products. The refinery with its ancillary plants and fuel distribution facilities forms the privately-owned industrial complex in Greece and its considered one of the modern refineries in Europe. It serves petroleum marketing companies in Greece and internationally. The Group is active in four main operating business segments: Refining Activity, Fuels Marketing Activity, Power and Gas and Other. Its derives maximum revenue from Refining Activity.

Motor Oil (Hellas) Corinth Refineries Headlines

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