Dana Gas PJSC (ADX:DANA) ROCE % : 7.16% (As of Mar. 2024)

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What is Dana Gas PJSC 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. Dana Gas PJSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.16%.

Dana Gas PJSC ROCE % Historical Data

The historical data trend for Dana Gas PJSC'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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Dana Gas PJSC ROCE % Chart

Dana Gas PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.60

-14.56

14.52

8.44

7.42

Dana Gas PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.93	6.52	8.83	5.67	7.16

Dana Gas PJSC ROCE % Calculation

Dana Gas PJSC'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 )
	=	694.209	/	( ( (9803.408 - 484.844)	+	(10269.887 - 877.862) )	/ 2 )
	=	694.209	/	( (9318.564	+	9392.025)	/ 2 )
	=	694.209	/	9355.2945
	=	7.42 %

Dana Gas PJSC's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	675.844	/	( ( (10269.887 - 877.862)	+	(10295.598 - 808.074) )	/ 2 )
	=	675.844	/	( ( 9392.025	+	9487.524 )	/ 2 )
	=	675.844	/	9439.7745
	=	7.16 %

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

Dana Gas PJSC (ADX:DANA) 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.

Dana Gas PJSC ROCE % Related Terms

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Dana Gas PJSC (ADX:DANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dana Gas PJSC (ADX:DANA) » Definitions » ROCE %

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Address

Al Buhaira Corniche, P.O. Box 2011, Crescent Tower, 11th Floor, Sharjah, ARE

Website

https://www.danagas.com

Dana Gas PJSC is a Middle Eastern natural gas exploration and production company. It operates several assets in Egypt, the Kurdistan Region of Iraq, and the United Arab Emirates. The company's possession of assets includes both onshore and offshore assets. Assets are held through government concessions. Dana Gas operations are divided into several subsidiaries that either engage in exploration and production, gas sweetening, gas transmission, or gas processing. Traditionally, gas and condensate have contributed the largest portion of revenue.

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