Petrotarg AB (OSTO:PETR PREF.PFD) ROCE % : -160.41% (As of Sep. 2016)

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What is Petrotarg AB 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. Petrotarg AB's annualized ROCE % for the quarter that ended in Sep. 2016 was -160.41%.

Petrotarg AB ROCE % Historical Data

The historical data trend for Petrotarg AB'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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Petrotarg AB ROCE % Chart

Petrotarg AB Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROCE %

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-10.80

0.75

-18.93

-2.86

-48.95

Petrotarg AB Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
ROCE %	Get a 7-Day Free Trial															-6.16	-139.52	-	-203.28	-160.41

Petrotarg AB ROCE % Calculation

Petrotarg AB's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	-16.694	/	( ( (76.198 - 6.059)	+	(32.118 - 34.048) )	/ 2 )
	=	-16.694	/	( (70.139	+	-1.93)	/ 2 )
	=	-16.694	/	34.1045
	=	-48.95 %

Petrotarg AB's ROCE % of for the quarter that ended in Sep. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2016 )		(Q: Jun. 2016 )		(Q: Sep. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2016 )		(Q: Jun. 2016 )		(Q: Sep. 2016 )
	=	-14.04	/	( ( (47.886 - 37.468)	+	(44.61 - 37.523) )	/ 2 )
	=	-14.04	/	( ( 10.418	+	7.087 )	/ 2 )
	=	-14.04	/	8.7525
	=	-160.41 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2016) EBIT data.

Petrotarg AB (OSTO:PETR PREF.PFD) 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.

Petrotarg AB ROCE % Related Terms

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Petrotarg AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrotarg AB (OSTO:PETR PREF.PFD) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Box 225, Borlänge, SWE, 781 23

Website

http://www.petrotarg.se

Petrotarg AB is engaged in exploration and exploitation of oil and natural gas deposits. The company's projects are in Arkansas, Louisiana and Texas of the United States.

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