Elinoil Hellenic Petroleum Co (FRA:EL7) ROCE % : 0.00% (As of . 20)

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What is Elinoil Hellenic Petroleum 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. Elinoil Hellenic Petroleum Co's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Elinoil Hellenic Petroleum Co ROCE % Historical Data

The historical data trend for Elinoil Hellenic Petroleum 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.
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Elinoil Hellenic Petroleum Co ROCE % Chart

Elinoil Hellenic Petroleum Co Annual Data

Trend

ROCE %

Elinoil Hellenic Petroleum Co Semi-Annual Data

ROCE %

Elinoil Hellenic Petroleum Co ROCE % Calculation

Elinoil Hellenic Petroleum Co's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Elinoil Hellenic Petroleum Co's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (. 20) EBIT data.

Elinoil Hellenic Petroleum Co (FRA:EL7) 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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Elinoil Hellenic Petroleum Co (FRA:EL7) Business Description

Industry

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Traded in Other Exchanges

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Address

33 Pigon Street, Kifissia, Athens, GRC, 14564

Website

http://www.elin.gr

Elinoil Hellenic Petroleum Co SA is engaged in the production and marketing of liquid fuels, lubricants, gases, solid fuels and all types of related products. The company markets, refines, and produces petroleum products with chemicals and petrochemicals.

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