TotalEnergies Marketing Nigeria (NSA:TOTL) ROCE % : 36.29% (As of Sep. 2023)

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What is TotalEnergies Marketing Nigeria 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. TotalEnergies Marketing Nigeria's annualized ROCE % for the quarter that ended in Sep. 2023 was 36.29%.

TotalEnergies Marketing Nigeria ROCE % Historical Data

The historical data trend for TotalEnergies Marketing Nigeria'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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TotalEnergies Marketing Nigeria ROCE % Chart

TotalEnergies Marketing Nigeria Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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49.01

31.16

17.14

64.05

54.84

TotalEnergies Marketing Nigeria Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Sep23
ROCE %	Get a 7-Day Free Trial															-	58.30	57.96	52.15	36.29

TotalEnergies Marketing Nigeria ROCE % Calculation

TotalEnergies Marketing Nigeria's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	29924.481	/	( ( (208728.966 - 159440.828)	+	(307815.723 - 247960.348) )	/ 2 )
	=	29924.481	/	( (49288.138	+	59855.375)	/ 2 )
	=	29924.481	/	54571.7565
	=	54.84 %

TotalEnergies Marketing Nigeria's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	22122.996	/	( ( (307815.723 - 247960.348)	+	(426583.441 - 364510.668) )	/ 2 )
	=	22122.996	/	( ( 59855.375	+	62072.773 )	/ 2 )
	=	22122.996	/	60964.074
	=	36.29 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

TotalEnergies Marketing Nigeria (NSA:TOTL) 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.

TotalEnergies Marketing Nigeria ROCE % Related Terms

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TotalEnergies Marketing Nigeria (NSA:TOTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies Marketing Nigeria PLC (NSA:TOTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Churchgate Street, P.M.B. 2134, Total House, Victoria Island, Lagos, NGA

Website

https://www.services.totalenergies.ng

TotalEnergies Marketing Nigeria PLC is engaged in the marketing and distribution of petroleum products. Its operating segment includes the Network segment includes sales to service stations. The General Trade segment is engaged in sales to corporate customers excluding the customers in the aviation industry. Its Aviation segment is engaged in sales to aviation industry customers. The company generates maximum revenue from the Network segment. Geographically, it derives a majority of revenue from Nigeria. Its products categories include Motorcycle Lubricants, Engine Oil for Cars, Engine Oils for Heavy-Duty Engines, and Other Lubricants.