Phoenix Petroleum Philippines (PHS:PNX4.PFD) ROCE % : -5.52% (As of Sep. 2023)

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What is Phoenix Petroleum Philippines 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. Phoenix Petroleum Philippines's annualized ROCE % for the quarter that ended in Sep. 2023 was -5.52%.

Phoenix Petroleum Philippines ROCE % Historical Data

The historical data trend for Phoenix Petroleum Philippines'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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Phoenix Petroleum Philippines ROCE % Chart

Phoenix Petroleum Philippines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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15.16

13.23

5.73

1.87

-5.42

Phoenix Petroleum Philippines Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-2.63	-30.53	-3.20	-5.62	-5.52

Phoenix Petroleum Philippines ROCE % Calculation

Phoenix Petroleum Philippines'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 )
	=	-2150.287	/	( ( (85938.975 - 43718.832)	+	(85791.988 - 48678.071) )	/ 2 )
	=	-2150.287	/	( (42220.143	+	37113.917)	/ 2 )
	=	-2150.287	/	39667.03
	=	-5.42 %

Phoenix Petroleum Philippines'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1940.288	/	( ( (84249.98 - 48043.902)	+	(82669.956 - 48593.906) )	/ 2 )
	=	-1940.288	/	( ( 36206.078	+	34076.05 )	/ 2 )
	=	-1940.288	/	35141.064
	=	-5.52 %

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

Phoenix Petroleum Philippines (PHS:PNX4.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.

Phoenix Petroleum Philippines ROCE % Related Terms

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Phoenix Petroleum Philippines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phoenix Petroleum Philippines Inc (PHS:PNX4.PFD) » Definitions » ROCE %

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PNX3B.PFD:Philippines

Address

Stella Hizon Reyes Road, Phoenix Bulk Depot, Barrio Pampanga, Lanang, Davao, PHL, 8000

Website

https://www.phoenixfuels.ph

Phoenix Petroleum Philippines Inc is a Philippines-based company. Its segments include Trading, which is the key revenue driver, engaged in marketing, merchandising, purchasing, selling, dealing, acquiring, disposing, and distribution of goods and wares such as petroleum products (on a wholesale basis), adhesives, glues, bonding agents, epoxy resins, lubricants, and other products; Depot and logistics services engaged in operating oil depots, storage facilities and provides logistics services to various entities; and Real estate involved in real estate development, management, and operations. Geographically, the company operates in the Philippines, Singapore, and Vietnam. The majority of its revenue is generated from Singapore.

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