Petro Matad (Petro Matad) ROCE % : -16.71% (As of Jun. 2023)

View and export this data going back to . Start your Free Trial

What is Petro Matad 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. Petro Matad's annualized ROCE % for the quarter that ended in Jun. 2023 was -16.71%.

Petro Matad ROCE % Historical Data

The historical data trend for Petro Matad'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.

* Premium members only.

Petro Matad ROCE % Chart

Petro Matad Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-64.59

-60.35

-17.91

-10.53

-13.30

Petro Matad Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-12.81	-11.29	-14.19	-12.43	-16.71

Petro Matad ROCE % Calculation

Petro Matad'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 )
	=	-2.949	/	( ( (24.092 - 0.377)	+	(21.081 - 0.456) )	/ 2 )
	=	-2.949	/	( (23.715	+	20.625)	/ 2 )
	=	-2.949	/	22.17
	=	-13.30 %

Petro Matad's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-3.804	/	( ( (21.081 - 0.456)	+	(25.213 - 0.317) )	/ 2 )
	=	-3.804	/	( ( 20.625	+	24.896 )	/ 2 )
	=	-3.804	/	22.7605
	=	-16.71 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Petro Matad (OTCPK:PRTDF) 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.

Petro Matad ROCE % Related Terms

Thank you for viewing the detailed overview of Petro Matad's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Petro Matad (Petro Matad) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Matad Ltd (OTCPK:PRTDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MATD:UK HA3:Germany

Address

Victory House, Prospect Hill, Douglas, IMN, IM1 1EQ

Website

https://www.petromatadgroup.com

Petro Matad Ltd is engaged in the exploration, development, and production of oil reserves in Mongolia. The company holds 100% interest in 3 PSC Blocks (IV, V, and XX) totaling more than 60,000 square kilometers and more than 21,000 square kilometers of prospective basins. The company's only geographical segment includes Mongolia.

Petro Matad (Petro Matad) Headlines

No Headlines