Jordan Petroleum Refinery Co (AMM:JOPT) ROCE % : 24.50% (As of Sep. 2024)

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What is Jordan Petroleum Refinery Co 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. Jordan Petroleum Refinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.50%.

Jordan Petroleum Refinery Co ROCE % Historical Data

The historical data trend for Jordan Petroleum Refinery Co'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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Jordan Petroleum Refinery Co ROCE % Chart

Jordan Petroleum Refinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.81

2.31

27.22

41.23

33.81

Jordan Petroleum Refinery Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															30.84	40.26	-	24.57	24.50

Jordan Petroleum Refinery Co ROCE % Calculation

Jordan Petroleum Refinery Co'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 )
	=	146.039	/	( ( (1510.189 - 1093.835)	+	(1437.99 - 990.506) )	/ 2 )
	=	146.039	/	( (416.354	+	447.484)	/ 2 )
	=	146.039	/	431.919
	=	33.81 %

Jordan Petroleum Refinery Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	109.404	/	( ( (1450.365 - 1008.587)	+	(1511.446 - 1060.199) )	/ 2 )
	=	109.404	/	( ( 441.778	+	451.247 )	/ 2 )
	=	109.404	/	446.5125
	=	24.50 %

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

Jordan Petroleum Refinery Co (AMM:JOPT) 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.

Jordan Petroleum Refinery Co ROCE % Related Terms

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Jordan Petroleum Refinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jordan Petroleum Refinery Co Ltd (AMM:JOPT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rainbow Street, First Circle, P.O Box 3396, Jabal, Amman, JOR, 11181

Website

https://www.jopetrol.com.jo

Jordan Petroleum Refinery Co Ltd is engaged in refining and producing hydrocarbon petroleum products and production of lube oils and asphalt drums. The products of the company include asphalt, fuel, mineral oils, and special products which include white spirit and chemically treated gasoline.

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