PetroGas Co (PetroGas Co) ROCE % : 0.00% (As of Dec. 2023)

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What is PetroGas Co 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. PetroGas Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

PetroGas Co ROCE % Historical Data

The historical data trend for PetroGas Co'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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PetroGas Co ROCE % Chart

PetroGas Co Annual Data

Trend

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Mar23

ROCE %

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PetroGas Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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PetroGas Co ROCE % Calculation

PetroGas Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.044	/	( ( (0 - 0.542)	+	(0 - 0.645) )	/ 2 )
	=	-0.044	/	( (-0.542	+	-0.645)	/ 2 )
	=	-0.044	/	-0.5935
	=	7.41 %

PetroGas Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.02	/	( ( (0 - 0.669)	+	(0 - 0.687) )	/ 2 )
	=	-0.02	/	( ( -0.669	+	-0.687 )	/ 2 )
	=	-0.02	/	-0.678
	=	0 %

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

PetroGas Co (OTCPK:PTCO) 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.

PetroGas Co ROCE % Related Terms

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PetroGas Co (PetroGas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroGas Co (OTCPK:PTCO) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2800 Post Oak Boulevard, Suite 4100, Houston, TX, USA, 77056

Website

http://www.petro-gas.co

PetroGas Co is an oil and gas exploration and production company. It is focused on the acquisition of properties in areas with significant oil reserves and drilling potential.

Executives

Mark Corrao	officer: CFO	531 AIRPORT NORTH OFFICE PARK, FORT WAYNE IN 46825
Robert Wiener	director	2537 S. GESSNER, #201, HOUSTON TX 77063
Joe Madison Seabourn	director	2925 ROBERTSON DR., ABILENE TX 79606
Huang Yu	director, officer: President, Secretary, Treasure	GAO XIN KAI FA QU GAO XIN SI LU ZHONG, JIAN SAN JU RONG HE TIAN YU XIANG MU BU, LIU ZHOU, GUANG XI F4 00000
Xiang Wu Zheng	10 percent owner	HOA SI SHA JING LU 1 HAO 51 HU LONG TIAN, ZHENG, CHAO NAN QU, SHAN TOU, HUANG DONG F4 00000

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