POGS (Pioneer Oil & Gas) ROIC %: 205.93% (As of Jun. 2005)

What is Pioneer Oil & Gas ROIC %?

Pioneer Oil & Gas POGS -37.34% ROIC % is 205.93% as of Jun. 2005.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Pioneer Oil & Gas's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2005 was 205.93%.

As of today (2026-06-25), Pioneer Oil & Gas's WACC % is 0.00%. Pioneer Oil & Gas's ROIC % is 0.00% (calculated using TTM income statement data). Pioneer Oil & Gas earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Pioneer Oil & Gas (OTCPK:POGS) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Pioneer Oil & Gas's WACC % is 0.00%. Pioneer Oil & Gas's ROIC % is 0.00% (calculated using TTM income statement data). Pioneer Oil & Gas earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Pioneer Oil & Gas ROIC % Related Terms

Pioneer Oil & Gas ROIC % Historical Data

* Premium members only.

The historical data trend for Pioneer Oil & Gas's ROIC % 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.

Pioneer Oil & Gas ROIC % Chart

Pioneer Oil & Gas Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

ROIC %

-1.25

3.45

-13.59

86.35

44.79

Pioneer Oil & Gas Quarterly Data
	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05
ROIC %	Get a 7-Day Free Trial															76.53	107.25	39.30	278.95	205.93

POGS vs ECT, TRNX, SLNG: ROIC % Comparison

For the Oil & Gas Integrated subindustry, Pioneer Oil & Gas's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pioneer Oil & Gas ROIC % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pioneer Oil & Gas's ROIC % distribution charts can be found below:

* The bar in red indicates where Pioneer Oil & Gas's ROIC % falls into.

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Pioneer Oil & Gas ROIC % Calculation

Pioneer Oil & Gas's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Sep. 2004 is calculated as:

	ROIC % (A: Sep. 2004 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Sep. 2003 )	+	Invested Capital (A: Sep. 2004 ))	/ count )
=	0.542 * ( 1 - 0% )	/	( (0.663	+	1.757)	/ 2 )
=	0.542	/	1.21
=	44.79 %

where

	Invested Capital		(A: Sep. 2003 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1.182	-	0.147	-	( 0.372	-	max(0, 0.147	-	0.741	+	0.372	))
=	0.663

	Invested Capital		(A: Sep. 2004 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2.385	-	0.137	-	( 0.491	-	max(0, 0.693	-	1.845	+	0.491	))
=	1.757

Pioneer Oil & Gas's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2005 is calculated as:

	ROIC % (Q: Jun. 2005 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2005 )	+	Invested Capital (Q: Jun. 2005 ))	/ count )
=	9.524 * ( 1 - 38.96% )	/	( (3.324	+	2.322)	/ 2 )
=	5.8134496	/	2.823
=	205.93 %

where

	Invested Capital		(Q: Mar. 2005 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	4.441	-	0.079	-	( 1.038	-	max(0, 0.255	-	3.782	+	1.038	))
=	3.324

	Invested Capital		(Q: Jun. 2005 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7.659	-	1.227	-	( 4.11	-	max(0, 2.087	-	7.077	+	4.11	))
=	2.322

Note: The Operating Income data used here is four times the quarterly (Jun. 2005) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROIC % →

What does a ROIC % of 205.93% mean?

Pioneer Oil & Gas (POGS) has a ROIC % of 205.93% as of Jun. 2005. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Pioneer Oil & Gas and its competitors.

Is Pioneer Oil & Gas' ROIC % too high?

Pioneer Oil & Gas' current ROIC % is 205.93%. The Oil & Gas industry median ROIC % is 3.63. Pioneer Oil & Gas' value of 205.93% is 5573% above this industry median.

How does Pioneer Oil & Gas' ROIC % compare to ECT and TRNX?

Pioneer Oil & Gas' ROIC % of 205.93% can be compared against companies in the Oil & Gas industry. The industry median ROIC % is 3.63. Pioneer Oil & Gas' value of 205.93% is 5573% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROIC % for an Oil & Gas company?

The median ROIC % among Oil & Gas companies is 3.63, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pioneer Oil & Gas's current ROIC % of 205.93% is 5573% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROIC % mean?

A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Pioneer Oil & Gas and its competitors. For the Oil & Gas industry, the median ROIC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Oil & Gas's current ROIC % is 205.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pioneer Oil & Gas stock overvalued right now?

Pioneer Oil & Gas (POGS) has a current ROIC % of 205.93%. The current ROIC % is 205.93% and 5573% above the Oil & Gas industry median of 3.63. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROIC % calculated?

ROIC % is calculated from a company's financial statements. For Pioneer Oil & Gas (POGS), the current ROIC % is 205.93% as of Jun. 2005. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pioneer Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies ECT LSE:VOG LSE:ECHO TRNX LSE:QFI XKLS:7250 HSTC:PGS HKSE:00346 SLNG TSXV:PEA AE HKSE:01251 STC:PGD HKSE:00228 SZSE:002259 TSE:9535 MIC:YAKG KUW:IPG ISX:SURE OSL:AVANCE

Address 1206 West South Jordan Parkway, Unit B, South Jordan, UT, USA, 84095-5512

Website http://www.piol.com

Pioneer Oil & Gas operates in the oil and gas integrated industry. The company is engaged in the business of acquiring, developing, producing, and selling oil and gas properties to companies located in the continental United States. The majority of the company's revenue is derived from royalty income.