Petron (PHS:PRF3A.PFD) ROCE % : 19.20% (As of Mar. 2024)

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What is Petron 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. Petron's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.20%.

Petron ROCE % Historical Data

The historical data trend for Petron'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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Petron ROCE % Chart

Petron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.19

-2.88

7.28

8.42

13.57

Petron Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.20	14.48	17.45	6.98	19.20

Petron ROCE % Calculation

Petron's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	29967	/	( ( (460071 - 227555)	+	(443904 - 234729) )	/ 2 )
	=	29967	/	( (232516	+	209175)	/ 2 )
	=	29967	/	220845.5
	=	13.57 %

Petron's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	40792	/	( ( (443904 - 234729)	+	(446741 - 230960) )	/ 2 )
	=	40792	/	( ( 209175	+	215781 )	/ 2 )
	=	40792	/	212478
	=	19.20 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Petron (PHS:PRF3A.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.

Petron ROCE % Related Terms

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Petron (PHS:PRF3A.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petron Corp (PHS:PRF3A.PFD) » Definitions » ROCE %

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PRF3B.PFD:Philippines PCOR:Philippines

Address

40 San Miguel Avenue, SMC Head Office Complex, Mandaluyong City, PHL, 1550

Website

https://www.petron.com

Petron Corporation is an oil refining and marketing company based out of the Philippines. The company operates a crude-oil refinery and petrochemicals complex that processes a range of petroleum products, including gasoline, diesel, liquefied petroleum gas, kerosene, jet fuel, and petrochemical feedstocks. Petroleum products are offered to a number of industrial customers in the Philippines, along with international and domestic airline carriers. Petron also delivers its automotive fuels to customers through a network of retail service stations.

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