HF Sinclair (STU:HL80) ROCE % : -0.61% (As of Dec. 2023)

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What is HF Sinclair 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. HF Sinclair's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.61%.

HF Sinclair ROCE % Historical Data

The historical data trend for HF Sinclair'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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HF Sinclair ROCE % Chart

HF Sinclair Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.10

-5.74

9.01

32.82

15.49

HF Sinclair 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															22.52	14.18	19.16	29.08	-0.61

HF Sinclair ROCE % Calculation

HF Sinclair'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 )
	=	2148.809	/	( ( (17110.456 - 3063.779)	+	(16245.815 - 2544.261) )	/ 2 )
	=	2148.809	/	( (14046.677	+	13701.554)	/ 2 )
	=	2148.809	/	13874.1155
	=	15.49 %

HF Sinclair'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 )
	=	-85.752	/	( ( (17710.998 - 3258.154)	+	(16245.815 - 2544.261) )	/ 2 )
	=	-85.752	/	( ( 14452.844	+	13701.554 )	/ 2 )
	=	-85.752	/	14077.199
	=	-0.61 %

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

HF Sinclair (STU:HL80) 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.

HF Sinclair ROCE % Related Terms

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HF Sinclair (STU:HL80) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » HF Sinclair Corp (STU:HL80) » Definitions » ROCE %

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DINO:USA

Address

2828 North Harwood, Suite 1300, Dallas, TX, USA, 75201

Website

https://www.hfsinclair.com

HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries serving the Rockies, midcontinent, Southwest, and Pacific Northwest, with a total crude oil throughput capacity of 678,000 barrels per day. It can produce 380 million gallons of renewable diesel annually. It holds a marketing business with over 300 distributors and 1,500 wholesale branded sites across 30 states. It also has a 47% ownership stake in Holly Energy Partners, which owns and operates petroleum product pipelines and terminals principally in the southwestern United States, but has announced a proposal to purchase the remaining 53%.

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