PNRG (PrimeEnergy Resources) ROCE % : 42.84% (As of Sep. 2024)

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What is PrimeEnergy Resources 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. PrimeEnergy Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was 42.84%.

PrimeEnergy Resources ROCE % Historical Data

The historical data trend for PrimeEnergy Resources'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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PrimeEnergy Resources ROCE % Chart

PrimeEnergy Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.98

-0.49

3.54

30.30

16.17

PrimeEnergy Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															25.48	11.61	24.88	39.97	42.84

PrimeEnergy Resources ROCE % Calculation

PrimeEnergy Resources'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 )
	=	34.757	/	( ( (247.137 - 40.957)	+	(288.568 - 64.809) )	/ 2 )
	=	34.757	/	( (206.18	+	223.759)	/ 2 )
	=	34.757	/	214.9695
	=	16.17 %

PrimeEnergy Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	113.912	/	( ( (334.761 - 80.542)	+	(345.588 - 68.025) )	/ 2 )
	=	113.912	/	( ( 254.219	+	277.563 )	/ 2 )
	=	113.912	/	265.891
	=	42.84 %

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

PrimeEnergy Resources (NAS:PNRG) 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.

PrimeEnergy Resources ROCE % Related Terms

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PrimeEnergy Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrimeEnergy Resources Corp (NAS:PNRG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PEJ:Germany

Address

9821 Katy Freeway, Houston, TX, USA, 77024

Website

https://www.primeenergy.com

PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.

Executives

Rothschild Robert De	10 percent owner	1251 AVENUE OF THE AMERICAS 51ST FL, NEW YORK NY 10020
Clint Hurt	director	4015 HOLLAND #101, DALLAS TX 75219
Drimal Charles E Jr	director, 10 percent owner, officer: Chief Executive Officer	4015 HOLLAND #101, DALLAS TX 75219
Gaines Wehrle	director, 10 percent owner
Gifford Fong	director
Jan K Smeets	director	4015 HOLLAND #101, DALLAS TX 75219
Mcjunkin Red Man Holding Corp	10 percent owner	FULBRIGHT TOWER, 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Mcjunkin Red Man Corp	10 percent owner	2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
Rene Pierre Azria	10 percent owner	C/O JARDEN CORP, 555 THEODORE FREMD AVE, RYE NY 10580
Gimbel Thomas S T	director
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Gs Capital Partners Vi Gmbh & Co Kg	10 percent owner	200 WEST STREET, New York NY 10282
Gs Capital Partners Vi Parallel Lp	10 percent owner	85 Broad St, New York NY 10004
Gs Advisors Vi, L.l.c.	10 percent owner	1209 ORANGE STREET, WILMINGTON DE 19801