Inpex (FRA:I8U) ROCE % : 21.91% (As of Sep. 2024)

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What is Inpex 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. Inpex's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.91%.

Inpex ROCE % Historical Data

The historical data trend for Inpex'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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Inpex ROCE % Chart

Inpex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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1.98

14.31

26.15

21.50

21.94

Inpex Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															23.55	25.96	21.28	21.91	17.70

Inpex ROCE % Calculation

Inpex's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	8824.423	/	( ( (41545.323 - 3603.643)	+	(45826.195 - 3313.399) )	/ 2 )
	=	8824.423	/	( (37941.68	+	42512.796)	/ 2 )
	=	8824.423	/	40227.238
	=	21.94 %

Inpex'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 )
	=	8774.932	/	( ( (45700.374 - 4578.747)	+	(44082.891 - 5119.182) )	/ 2 )
	=	8774.932	/	( ( 41121.627	+	38963.709 )	/ 2 )
	=	8774.932	/	40042.668
	=	21.91 %

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

Inpex (FRA:I8U) 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.

Inpex ROCE % Related Terms

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Inpex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Inpex Corp (FRA:I8U) » Definitions » ROCE %

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Traded in Other Exchanges

IPXHY:USA IPXHF:USA 1605:Japan I8U:Germany

Address

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6332

Website

https://www.inpex.co.jp

Headquartered in Tokyo, Inpex was founded in 2008 through a merger with Teikoku Oil. The precursor Inpex began life in 1966 as North Sumatra Offshore Petroleum Exploration and discovered the Attaka field in Indonesia in 1970 before acquiring the ADMA Block offshore the United Arab Emirates in 1973 and then discovering the Kashagan oilfield in Kazakhstan and Ichthys and Abadi gasfields in the Timor Sea in 2000. Teikoku Oil was founded in 1941 as a semigovernment entity and discovered Japan's largest natural gas reserves in Minami Nagaoka in 1979. Inpex is Japan's largest hydrocarbon producer, with oil and gas projects across multiple continents. It produces 230 million barrels of oil equivalent per year and has 6.2 billion barrels of oil equivalent in proven and probable reserves.

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