EQT (LTS:0IDU) ROCE % : 3.14% (As of Mar. 2024)

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What is EQT 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. EQT's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.14%.

EQT ROCE % Historical Data

The historical data trend for EQT'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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EQT ROCE % Chart

EQT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.80

-5.88

-7.81

14.62

11.01

EQT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															33.31	-0.79	0.28	12.70	3.14

EQT ROCE % Calculation

EQT'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 )
	=	2323.158	/	( ( (22669.926 - 3732.22)	+	(25285.098 - 2036.84) )	/ 2 )
	=	2323.158	/	( (18937.706	+	23248.258)	/ 2 )
	=	2323.158	/	21092.982
	=	11.01 %

EQT's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	726.944	/	( ( (25285.098 - 2036.84)	+	(25438.32 - 2373.633) )	/ 2 )
	=	726.944	/	( ( 23248.258	+	23064.687 )	/ 2 )
	=	726.944	/	23156.4725
	=	3.14 %

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

EQT (LTS:0IDU) 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.

EQT ROCE % Related Terms

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EQT (LTS:0IDU) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EQT Corp (LTS:0IDU) » Definitions » ROCE %

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EQT:USA EQ6:Germany EQ6:Germany

Address

625 Liberty Avenue, Suite 1700, Pittsburgh, PA, USA, 15222

Website

https://www.eqt.com

EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.

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