Ampol (ASX:ALD) ROCE % : 19.53% (As of Dec. 2023)

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What is Ampol 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. Ampol's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.53%.

Ampol ROCE % Historical Data

The historical data trend for Ampol'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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Ampol ROCE % Chart

Ampol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.12

-12.75

15.20

15.17

12.46

Ampol Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.27	28.78	1.40	5.22	19.53

Ampol ROCE % Calculation

Ampol'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 )
	=	963.919	/	( ( (12551.994 - 5135.591)	+	(12827.659 - 4770.442) )	/ 2 )
	=	963.919	/	( (7416.403	+	8057.217)	/ 2 )
	=	963.919	/	7736.81
	=	12.46 %

Ampol'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1529.012	/	( ( (12553.326 - 4956.331)	+	(12827.659 - 4770.442) )	/ 2 )
	=	1529.012	/	( ( 7596.995	+	8057.217 )	/ 2 )
	=	1529.012	/	7827.106
	=	19.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Ampol (ASX:ALD) 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.

Ampol ROCE % Related Terms

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Ampol (ASX:ALD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ampol Ltd (ASX:ALD) » Definitions » ROCE %

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CTXAY:USA CTXAF:USA ALD:New Zealand CLZ:Germany

Address

29-33 Bourke Road, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.ampol.com.au

Ampol (nee Caltex) is the largest and only Australian-listed petroleum refiner and distributor, with operations in all states and territories. It was a major international brand of Chevron's until that 50% owner sold out in 2015. Caltex transitioned to Ampol branding due to Chevron terminating its licence to use the Caltex brand in Australia. Ampol has operated for more than 100 years. It owns and operates a refinery at Lytton in Brisbane, but closed Sydney's Kurnell refinery to focus on the more profitable distribution/retail segment. It successfully completed a NZD 2.0 billion bid for New Zealand peer Z Energy in first-half 2022.

Ampol (ASX:ALD) Headlines

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