Petroteq Energy (FRA:PQCF) ROCE % : -34.11% (As of May. 2022)

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What is Petroteq Energy 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. Petroteq Energy's annualized ROCE % for the quarter that ended in May. 2022 was -34.11%.

Petroteq Energy ROCE % Historical Data

The historical data trend for Petroteq Energy'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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Petroteq Energy ROCE % Chart

Petroteq Energy Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

ROCE %

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-29.70

-52.13

-30.85

-15.72

-7.38

Petroteq Energy Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
ROCE %	Get a 7-Day Free Trial															-22.16	13.02	-10.79	-12.44	-34.11

Petroteq Energy ROCE % Calculation

Petroteq Energy's annualized ROCE % for the fiscal year that ended in Aug. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2021 )		(A: Aug. 2020 )		(A: Aug. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2021 )		(A: Aug. 2020 )		(A: Aug. 2021 )
	=	-4.035	/	( ( (62.23 - 12.836)	+	(68.88 - 8.894) )	/ 2 )
	=	-4.035	/	( (49.394	+	59.986)	/ 2 )
	=	-4.035	/	54.69
	=	-7.38 %

Petroteq Energy's ROCE % of for the quarter that ended in May. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2022 )		(Q: Feb. 2022 )		(Q: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2022 )		(Q: Feb. 2022 )		(Q: May. 2022 )
	=	-23.568	/	( ( (73.299 - 5.06)	+	(76.772 - 6.806) )	/ 2 )
	=	-23.568	/	( ( 68.239	+	69.966 )	/ 2 )
	=	-23.568	/	69.1025
	=	-34.11 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2022) EBIT data.

Petroteq Energy (FRA:PQCF) 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.

Petroteq Energy ROCE % Related Terms

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Petroteq Energy (FRA:PQCF) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroteq Energy Inc (FRA:PQCF) » Definitions » ROCE %

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Address

15315 W. Magnolia Boulevard, Suite 120, Sherman Oaks, CA, USA, 91403

Website

https://www.petroteq.energy

Petroteq Energy Inc is a fully integrated oil and gas company focused on the development and implementation of new proprietary technology for oil extraction. The company operated in two reportable segments being Oil Extraction and Processing Operations and Mining Operations. It generates revenue from the sale of hydrocarbon.

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