KazTransOil JSC (XKAZ:KZTO) ROCE % : -0.34% (As of Dec. 2023)

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What is KazTransOil JSC 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. KazTransOil JSC's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.34%.

KazTransOil JSC ROCE % Historical Data

The historical data trend for KazTransOil JSC'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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KazTransOil JSC ROCE % Chart

KazTransOil JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.98

9.00

7.95

2.59

3.59

KazTransOil JSC 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															-2.58	4.19	4.76	5.45	-0.34

KazTransOil JSC ROCE % Calculation

KazTransOil JSC'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 )
	=	42842.286	/	( ( (1235417.96 - 91602.173)	+	(1358382.11 - 112745.753) )	/ 2 )
	=	42842.286	/	( (1143815.787	+	1245636.357)	/ 2 )
	=	42842.286	/	1194726.072
	=	3.59 %

KazTransOil JSC'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 )
	=	-4262.504	/	( ( (1330506.335 - 83787.048)	+	(1358382.11 - 112745.753) )	/ 2 )
	=	-4262.504	/	( ( 1246719.287	+	1245636.357 )	/ 2 )
	=	-4262.504	/	1246177.822
	=	-0.34 %

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

KazTransOil JSC (XKAZ:KZTO) 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.

KazTransOil JSC ROCE % Related Terms

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KazTransOil JSC (XKAZ:KZTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » KazTransOil JSC (XKAZ:KZTO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Non-Residential Premises 12, 20, Turan Avenue, Esil District, Astana, KAZ, 010000

Website

https://www.kaztransoil.kz

KazTransOil JSC provides oil transportation services. The company aims at the development and integration of a network of Kazakhstan's main pipelines, enhancement of reliability of existing and construction of new oil transportation facilities. The group is organized into business units based on its services and has various reportable segments namely Oil transportation and related services; Oil transshipment, Water transportation, and Other segments. KazTransOil derives majority of its revenue from Oil transportation and related services.

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