Slovnaft AS (LTS:0MZI) ROCE %: 3.18% (As of Dec. 2019)

What is Slovnaft AS ROCE %?

Slovnaft AS LTS:0MZI 8 ROCE % is 3.18% as of Dec. 2019. GuruFocus rates LTS:0MZI with a GF Score™ of 8/100. The stock has 5 warning signs investors should review.

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. Slovnaft AS's annualized ROCE % for the quarter that ended in Dec. 2019 was 3.18%.

Slovnaft AS (LTS:0MZI) 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.

Slovnaft AS ROCE % Related Terms

Slovnaft AS ROCE % Historical Data

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The historical data trend for Slovnaft AS'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.

Slovnaft AS ROCE % Chart

Slovnaft AS Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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16.35

12.27

12.13

7.47

2.73

Slovnaft AS Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
ROCE %	Get a 7-Day Free Trial															14.91	12.28	2.78	2.24	3.18

Slovnaft AS ROCE % Calculation

Slovnaft AS's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	49.143	/	( ( (2336.051 - 586.493)	+	(2547.035 - 700.333) )	/ 2 )
	=	49.143	/	( (1749.558	+	1846.702)	/ 2 )
	=	49.143	/	1798.13
	=	2.73 %

Slovnaft AS's ROCE % of for the quarter that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	58.28	/	( ( (2417.014 - 595.076)	+	(2547.035 - 700.333) )	/ 2 )
	=	58.28	/	( ( 1821.938	+	1846.702 )	/ 2 )
	=	58.28	/	1834.32
	=	3.18 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2019) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 3.18% mean?

Slovnaft AS (LTS:0MZI) has a ROCE % of 3.18% as of Dec. 2019.

Is Slovnaft AS's ROCE % too high?

Slovnaft AS's current ROCE % is 3.18%. The Oil & Gas industry median ROCE % is 6.79. Slovnaft AS's value of 3.18% is 53.2% below this industry median. Overall, Slovnaft AS has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.

How does Slovnaft AS's ROCE % compare to NGL and INT?

Slovnaft AS's ROCE % of 3.18% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Slovnaft AS's value of 3.18% is 53.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Slovnaft AS's current ROCE % of 3.18% is 53.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Slovnaft AS's current ROCE % is 3.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Slovnaft AS stock overvalued right now?

Slovnaft AS (LTS:0MZI) has a current ROCE % of 3.18%. The current ROCE % is 3.18% and 53.2% below the Oil & Gas industry median of 6.79. Slovnaft AS's overall GF Score™ is 8/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Slovnaft AS (LTS:0MZI), the current ROCE % is 3.18% as of Dec. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Slovnaft AS Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:VVO NGL XTAE:ILCO NZSE:ZEL SHSE:601139 XTAE:ORL PHS:TFHI INT MIL:SRS XTAE:PZOL BKK:SPRC BOM:500109 BKK:BCP ATH:MOH SUN CAS:GAZ PHS:SHLPH CAS:TMA BKK:ESSO ISX:AKRA

Address Vlcie hrdlo 1, Bratislava, SVK, 824 12

Website http://www.slovnaft.sk

Slovnaft AS is engaged in processing crude oil and motor fuels, heating oils and other products, their distribution and sale to wholesale customers as well as to end-customers through its own network of service stations. The group manages its operations in the following segments: Refining and Marketing, Retail, and Other segments. Refining and Marketing segment processes crude oil and markets refinery products and plastics. The retail segment operates a network of petrol stations. It generates maximum revenue from the Refining and Marketing segment. Geographically, it derives a majority of revenue from the Slovak Republic and also has a presence in Czech Republic, Austria, Hungary, Poland, Germany, Italy, Croatia, Romania, The Netherlands, Serbia, and Other Countries.