Petronas Dagangan Bhd (XKLS:5681) ROCE % : 19.36% (As of Dec. 2023)

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What is Petronas Dagangan 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. Petronas Dagangan Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.36%.

Petronas Dagangan Bhd ROCE % Historical Data

The historical data trend for Petronas Dagangan 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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Petronas Dagangan Bhd ROCE % Chart

Petronas Dagangan Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.51

6.58

12.81

19.51

22.25

Petronas Dagangan 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															16.60	27.39	25.09	17.44	19.36

Petronas Dagangan Bhd ROCE % Calculation

Petronas Dagangan 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 )
	=	1346.185	/	( ( (11257.537 - 5205.833)	+	(11486.959 - 5440.276) )	/ 2 )
	=	1346.185	/	( (6051.704	+	6046.683)	/ 2 )
	=	1346.185	/	6049.1935
	=	22.25 %

Petronas Dagangan 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 )
	=	1170.368	/	( ( (12276.113 - 6232.959)	+	(11486.959 - 5440.276) )	/ 2 )
	=	1170.368	/	( ( 6043.154	+	6046.683 )	/ 2 )
	=	1170.368	/	6044.9185
	=	19.36 %

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

Petronas Dagangan Bhd (XKLS:5681) 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.

Petronas Dagangan Bhd ROCE % Related Terms

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Petronas Dagangan Bhd (XKLS:5681) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petronas Dagangan Bhd (XKLS:5681) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Tower 1, Petronas Twin Towers, Level 30-33, Kuala Lumpur City Centre, Kuala Lumpur, MYS, 50088

Website

https://www.mymesra.com.my

Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. As the leading revenue generator, retail operations are the leading focus of the company. In Malaysia, the retail business includes hundreds of retail stations that also serve as convenience stores. As a compliment to its network of retail stations, Petronas offers a loyalty program that allows members to accumulate points and redeem either fuel or selected items. The company's other businesses include a commercial unit, liquefied petroleum gas unit, and a lubricants business. Through the commercial business, Petronas markets petroleum products in bulk to manufacturing, aviation, power, energy, agriculture, fisheries, and transportation segments.

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