Petron Malaysia Refining & Marketing Bhd (XKLS:3042) ROCE % : 8.02% (As of Dec. 2023)

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What is Petron Malaysia Refining & Marketing Bhd 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. Petron Malaysia Refining & Marketing Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.02%.

Petron Malaysia Refining & Marketing Bhd ROCE % Historical Data

The historical data trend for Petron Malaysia Refining & Marketing Bhd'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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Petron Malaysia Refining & Marketing Bhd ROCE % Chart

Petron Malaysia Refining & Marketing Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.00

-1.14

15.85

14.74

15.72

Petron Malaysia Refining & Marketing Bhd 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															-8.46	25.33	10.21	19.75	8.02

Petron Malaysia Refining & Marketing Bhd ROCE % Calculation

Petron Malaysia Refining & Marketing Bhd'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 )
	=	401.251	/	( ( (4764.258 - 2353.279)	+	(4697.394 - 2001.928) )	/ 2 )
	=	401.251	/	( (2410.979	+	2695.466)	/ 2 )
	=	401.251	/	2553.2225
	=	15.72 %

Petron Malaysia Refining & Marketing Bhd'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 )
	=	213.5	/	( ( (5147.917 - 2516.967)	+	(4697.394 - 2001.928) )	/ 2 )
	=	213.5	/	( ( 2630.95	+	2695.466 )	/ 2 )
	=	213.5	/	2663.208
	=	8.02 %

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

Petron Malaysia Refining & Marketing Bhd (XKLS:3042) 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.

Petron Malaysia Refining & Marketing Bhd ROCE % Related Terms

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Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petron Malaysia Refining & Marketing Bhd (XKLS:3042) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 46, Jalan Dungun, Level 12A, Menara I & P, Tower 1, Damansara Heights, Kuala Lumpur, SGR, MYS, 50490

Website

https://www.petron.com.my

Petron Malaysia Refining & Marketing Bhd is an oil company engaged in producing a wide range of petroleum products which include Gasoline, Automotive Diesel Oil (ADO), Liquefied Petroleum Gas (LPG), Jet Fuel, Naphtha, and Low Sulphur Waxy Residue (LSWR). The company is organized as one integrated business segment which operates to manufacture and sell petroleum products. Geographically majority of its revenue gets derived from the domestic market.

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