National Petroleum Co (TPE:9937) ROCE % : 13.15% (As of Dec. 2024)

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What is National Petroleum 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. National Petroleum Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.15%.

National Petroleum Co ROCE % Historical Data

The historical data trend for National Petroleum 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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National Petroleum Co ROCE % Chart

National Petroleum Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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12.78

13.25

12.23

13.35

12.40

National Petroleum Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															13.44	11.91	11.65	13.19	13.15

National Petroleum Co ROCE % Calculation

National Petroleum Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	952.001	/	( ( (12412.234 - 4830.017)	+	(12467.579 - 4690.951) )	/ 2 )
	=	952.001	/	( (7582.217	+	7776.628)	/ 2 )
	=	952.001	/	7679.4225
	=	12.40 %

National Petroleum Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1013.236	/	( ( (12347.218 - 4708.789)	+	(12467.579 - 4690.951) )	/ 2 )
	=	1013.236	/	( ( 7638.429	+	7776.628 )	/ 2 )
	=	1013.236	/	7707.5285
	=	13.15 %

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

National Petroleum Co (TPE:9937) 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.

National Petroleum Co ROCE % Related Terms

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National Petroleum Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » National Petroleum Co Ltd (TPE:9937) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 140, Roosevelt Road, 4th Floor, Section 6, Taipei, TWN

Website

https://www.npcgas.com.tw

National Petroleum Co Ltd is engaged in providing and selling gasoline, diesel and lubricant, and washing car. The Company generates revenue from two sources such as sales of refined petroleum products and rendering of wash car services.

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