Permian Basin Royalty Trust (Permian Basin Royalty Trust) ROCE % : 4,424.64% (As of Dec. 2023)

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What is Permian Basin Royalty Trust 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. Permian Basin Royalty Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 4,424.64%.

Permian Basin Royalty Trust ROCE % Historical Data

The historical data trend for Permian Basin Royalty Trust'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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Permian Basin Royalty Trust ROCE % Chart

Permian Basin Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1,298.63

741.22

730.63

3,781.36

2,070.91

Permian Basin Royalty Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4,373.33	1,394.41	1,745.76	1,001.02	4,424.64

Permian Basin Royalty Trust ROCE % Calculation

Permian Basin Royalty Trust's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	27.978	/	( ( (3.135 - 1.755)	+	(6.273 - 4.951) )	/ 2 )
	=	27.978	/	( (1.38	+	1.322)	/ 2 )
	=	27.978	/	1.351
	=	2,070.91 %

Permian Basin Royalty Trust'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 )
	=	57.1	/	( ( (2.305 - 1.046)	+	(6.273 - 4.951) )	/ 2 )
	=	57.1	/	( ( 1.259	+	1.322 )	/ 2 )
	=	57.1	/	1.2905
	=	4,424.64 %

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

Permian Basin Royalty Trust (NYSE:PBT) 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.

Permian Basin Royalty Trust ROCE % Related Terms

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Permian Basin Royalty Trust (Permian Basin Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permian Basin Royalty Trust (NYSE:PBT) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

2911 Turtle Creek Boulevard, Suite 850, Dallas, TX, USA, 75219

Website

https://www.pbt-permian.com

Permian Basin Royalty Trust is an express trust. The company's underlying properties include Waddell Ranch Properties in which the trust holds mineral interest as well as royalty interests in mature producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole and others across Texas. The company earns revenue in form of royalties received through its properties.

Executives

Burlington Resources Oil & Gas Co Lp

10 percent owner

717 TEXAS AVENUE, SUITE 2100, HOUSTON TX 77002