Pioneer Natural Resources Co (BSP:P1IO34) ROCE %: 17.17% (As of Mar. 2024)


BSP:P1IO34 Pioneer Natural Resources Co BSP:P1IO34
4 GF Score
Price R$339.15
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What is Pioneer Natural Resources Co ROCE %?

Pioneer Natural Resources Co BSP:P1IO34 4 ROCE % is 17.17% as of Mar. 2024. GuruFocus rates BSP:P1IO34 with a GF Score™ of 4/100.

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. Pioneer Natural Resources Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.17%.

Pioneer Natural Resources Co  (BSP:P1IO34) 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.

Pioneer Natural Resources Co ROCE % Related Terms

Pioneer Natural Resources Co ROCE % Historical Data

* Premium members only.

The historical data trend for Pioneer Natural Resources 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.

Pioneer Natural Resources Co ROCE % Chart

Pioneer Natural Resources Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.07 -0.77 11.95 30.05 18.86

Pioneer Natural Resources Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % 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 20.20 17.34 21.12 19.64 17.17
BSP:P1IO34
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Pioneer Natural Resources Co BSP:P1IO34
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Pioneer Natural Resources Co ROCE % Calculation

Pioneer Natural Resources 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 )
=31304.822/( ( (187470.596 - 20388.87) + (179396.377 - 14572.005) )/ 2 )
=31304.822/( (167081.726+164824.372)/ 2 )
=31304.822/165953.049
=18.86 %

Pioneer Natural Resources Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=28763.324/( ( (179396.377 - 14572.005) + (186812.217 - 16692.29) )/ 2 )
=28763.324/( ( 164824.372 + 170119.927 )/ 2 )
=28763.324/167472.1495
=17.17 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 17.17% mean?
Pioneer Natural Resources Co (BSP:P1IO34) has a ROCE % of 17.17% as of Mar. 2024.
Is Pioneer Natural Resources Co's ROCE % too high?
Pioneer Natural Resources Co's current ROCE % is 17.17%. The Oil & Gas industry median ROCE % is 6.79. Pioneer Natural Resources Co's value of 17.17% is 152.9% above this industry median. Overall, Pioneer Natural Resources Co has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Pioneer Natural Resources Co's ROCE % compare to OXY and HES?
Pioneer Natural Resources Co's ROCE % of 17.17% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Pioneer Natural Resources Co's value of 17.17% is 152.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pioneer Natural Resources Co's current ROCE % of 17.17% is 152.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Natural Resources Co's current ROCE % is 17.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Natural Resources Co stock overvalued right now?
Pioneer Natural Resources Co (BSP:P1IO34) has a current ROCE % of 17.17%. The current ROCE % is 17.17% and 152.9% above the Oil & Gas industry median of 6.79. Pioneer Natural Resources Co's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Pioneer Natural Resources Co (BSP:P1IO34), the current ROCE % is 17.17% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pioneer Natural Resources Co Business Description

Industry EnergyOil & Gas
Address 777 Hidden Ridge, Irving, TX, USA, 75038
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.
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