Rompetrol Well Services (BSE:PTR) ROCE % : 2.37% (As of Sep. 2024)

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What is Rompetrol Well Services 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. Rompetrol Well Services's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.37%.

Rompetrol Well Services ROCE % Historical Data

The historical data trend for Rompetrol Well Services'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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Rompetrol Well Services ROCE % Chart

Rompetrol Well Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.36

3.18

1.27

3.97

14.31

Rompetrol Well Services 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															12.59	10.81	9.22	9.66	2.37

Rompetrol Well Services ROCE % Calculation

Rompetrol Well Services'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 )
	=	15.298	/	( ( (123.254 - 19.095)	+	(125.398 - 15.722) )	/ 2 )
	=	15.298	/	( (104.159	+	109.676)	/ 2 )
	=	15.298	/	106.9175
	=	14.31 %

Rompetrol Well Services'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 )
	=	2.38	/	( ( (129.79 - 29.195)	+	(118.113 - 17.852) )	/ 2 )
	=	2.38	/	( ( 100.595	+	100.261 )	/ 2 )
	=	2.38	/	100.428
	=	2.37 %

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

Rompetrol Well Services (BSE:PTR) 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.

Rompetrol Well Services ROCE % Related Terms

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Rompetrol Well Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rompetrol Well Services SA (BSE:PTR) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Clopotei Street, No. 2 bis, Ploiesti, ROU, 100189

Website

https://rompetrolwellservices.kmginternational.com

Rompetrol Well Services SA is a Romania-based company engaged in the supply of services for oil and gas wells, rental of well tools and equipment and other services. It offers a wide range of specialized services for crude oil and natural gas wells including cementing, sand control, stimulations, slick-line, nitrogen services, tubular running operations, and rentals of equipment and tools. Geographically the company caters its services to both the domestic and foreign markets.

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