PetroChina Co (FRA:PC6) ROCE % : 13.32% (As of Sep. 2024)

View and export this data going back to . Start your Free Trial

What is PetroChina 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. PetroChina Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.32%.

PetroChina Co ROCE % Historical Data

The historical data trend for PetroChina 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.

* Premium members only.

PetroChina Co ROCE % Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.84

4.13

9.65

11.50

12.39

PetroChina Co 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															14.43	10.63	13.63	13.09	13.32

PetroChina Co ROCE % Calculation

PetroChina 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 )
	=	33586.56	/	( ( (361620.366 - 84528.059)	+	(353524.421 - 88487.636) )	/ 2 )
	=	33586.56	/	( (277092.307	+	265036.785)	/ 2 )
	=	33586.56	/	271064.546
	=	12.39 %

PetroChina Co'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 )
	=	34972.448	/	( ( (354494.04 - 91769.403)	+	(353595.515 - 91083.638) )	/ 2 )
	=	34972.448	/	( ( 262724.637	+	262511.877 )	/ 2 )
	=	34972.448	/	262618.257
	=	13.32 %

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

PetroChina Co (FRA:PC6) 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.

PetroChina Co ROCE % Related Terms

Thank you for viewing the detailed overview of PetroChina Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

PetroChina Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (FRA:PC6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PCCYF:USA 00857:Hong Kong 601857:China

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2023, it produced more than 1.7 billion barrels of oil equivalent of oil and gas, and processed 1.4 billion barrels of crude oil. It also has more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 82%.

PetroChina Co Headlines

No Headlines