Pharos Energy (LSE:PHAR) ROCE % : 13.92% (As of Dec. 2024)

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What is Pharos 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. Pharos Energy's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.92%.

Pharos Energy ROCE % Historical Data

The historical data trend for Pharos 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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Pharos Energy ROCE % Chart

Pharos Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-36.24

8.64

17.89

-4.38

15.68

Pharos Energy Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-5.66	4.64	-14.60	17.52	13.92

Pharos Energy ROCE % Calculation

Pharos Energy'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 )
	=	50.624	/	( ( (361.03 - 39.342)	+	(337.994 - 14.001) )	/ 2 )
	=	50.624	/	( (321.688	+	323.993)	/ 2 )
	=	50.624	/	322.8405
	=	15.68 %

Pharos Energy's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	44.77	/	( ( (346.39 - 27.274)	+	(337.994 - 14.001) )	/ 2 )
	=	44.77	/	( ( 319.116	+	323.993 )	/ 2 )
	=	44.77	/	321.5545
	=	13.92 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Pharos Energy (LSE:PHAR) 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.

Pharos Energy ROCE % Related Terms

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Pharos Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pharos Energy PLC (LSE:PHAR) » Definitions » ROCE %

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SOCLF:USA PHARl:UK OCS1:Germany

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.pharos.energy

Pharos Energy PLC is an independent oil and gas exploration and production company. All of the company's oil and gas revenue is derived from foreign countries which are Vietnam, China, and Egypt. The majority of oil and gas revenue is earned in Vietnam.