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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 %
Get a 7-Day Free Trial -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -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.

* 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.


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

Traded in Other Exchanges
N/A
Address
Box 225, Borlänge, SWE, 781 23
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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