Why We’re Not Keen On Marathon Oil Corporation’s (NYSE:MRO) 2.7% Return On Capital [Yahoo! Finance News]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: Yahoo! Finance News
Today we'll look at Marathon Oil Corporation NYSE:MROFirst, we'll go over how we calculate ROCE. Next, we'll compare it to others in its industry. Then we'll determine how its current liabilities are affecting its ROCE.Understanding Return On Capital Employed ROCE)ROCE is a metric for evaluating how much pre-tax income in percentage terms) a company earns on the capital invested in its business. Generally speaking a higher ROCE is better. Ultimately, it is a useful but imperfect metric. Renowned investment researcher Michael Mauboussinhas suggestedSo, How Do We Calculate ROCE?Analysts use this formula to calculate return on capital employed:Return on Capital Employed = Earnings Before Interest and Tax EBIT) ÷ Total Assets - Current Liabilities)Or for Marathon Oil:0.027 = US$502m ÷ US$20b - US$1.7b) Based on the trailing twelve months to December 2019.)Therefore,Marathon Oil has an ROCE of 2.7%.Check out our latest analysis for Marathon OilDoes Marathon Oil Have A Good ROCE?ROCE can be
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