Palayesh Tehran (XTEH:PTEH1) ROCE % : 0.00% (As of . 20)

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What is Palayesh Tehran 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. Palayesh Tehran's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Palayesh Tehran ROCE % Historical Data

The historical data trend for Palayesh Tehran'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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Palayesh Tehran ROCE % Chart

Palayesh Tehran Annual Data

Trend

ROCE %

Palayesh Tehran Semi-Annual Data

ROCE %

Palayesh Tehran ROCE % Calculation

Palayesh Tehran's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Palayesh Tehran's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (. 20) EBIT data.

Palayesh Tehran (XTEH:PTEH1) 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.

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Palayesh Tehran (XTEH:PTEH1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Palayesh Tehran (XTEH:PTEH1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beheshti Boulevard, Baghershahr, P.O. Box: 4173, Tehran, IRN, 18735

Website

http://www.tehranrefinery.ir

Palayesh Tehran is an Iran based oil refining company. It is engaged in the purchase, refining, and processing of crude oil and hydrocarbons. Its product offering includes liquefied petroleum gases (LPG), gasoline, kerosene, gas oil, fuel oil, and aviation fuel.

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