Pilot Energy (ASX:PGY) ROCE % : -27.12% (As of Sep. 2024)

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What is Pilot Energy 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. Pilot Energy's annualized ROCE % for the quarter that ended in Sep. 2024 was -27.12%.

Pilot Energy ROCE % Historical Data

The historical data trend for Pilot Energy'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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Pilot Energy ROCE % Chart

Pilot Energy Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-76.86

-24.95

-31.89

-25.26

Pilot Energy Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-35.80	-49.84	-21.83	-18.72	-27.12

Pilot Energy ROCE % Calculation

Pilot Energy's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-4.176	/	( ( (15.992 - 1.003)	+	(23.516 - 5.444) )	/ 2 )
	=	-4.176	/	( (14.989	+	18.072)	/ 2 )
	=	-4.176	/	16.5305
	=	-25.26 %

Pilot Energy'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-5.112	/	( ( (21.361 - 1.739)	+	(23.516 - 5.444) )	/ 2 )
	=	-5.112	/	( ( 19.622	+	18.072 )	/ 2 )
	=	-5.112	/	18.847
	=	-27.12 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Pilot Energy (ASX:PGY) 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.

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Pilot Energy Business Description

Industry

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

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Address

35 Spring Street, Suite 301, Bondi Junction, Sydney, NSW, AUS, 2022

Website

https://www.pilotenergy.com.au

Pilot Energy Ltd is engaged in the oil and gas production and exploration. It is currently involved in oil and gas production, development, and exploration activities and is pursuing diversification and transition to the development of carbon management projects, hydrogen, and integrated renewable energy by leveraging its existing oil and gas tenements infrastructure to cornerstone these developments. The company owns interests in the Cliff Head Oil Field and Mid West Clean Energy Project and is also engaged in conducting the feasibility study of West Blue Hydrogen & CCS, Blue H2 and CO2 technology, and South West Carbon Management.