Investors Met With Slowing Returns on Capital At PermRock Royalty Trust (NYSE:PRT) [Yahoo! Finance]
PermRock Royalty Trust Trust Units (PRT)
Company Research
Source: Yahoo! Finance
growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Although, when we looked at PermRock Royalty Trust NYSE:PRT ), it didn't seem to tick all of these boxes. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for PermRock Royalty Trust, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.10 = US$8.1m ÷ (US$80m - US$494k) (Based on the trailing twelve months to September 2023) Thus, PermRock Royalty Trust has an ROCE of 10%. In isolation, that's a pretty standard return but against the Oil and Gas industry average of 16%, it's not as good. Check out our latest analysis
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News
- PermRock Royalty Trust Declares Monthly Cash DistributionPR Newswire
- PermRock Royalty Trust Declares Monthly Cash DistributionPR Newswire
- Don't Buy PermRock Royalty Trust (NYSE:PRT) For Its Next Dividend Without Doing These Checks [Yahoo! Finance]Yahoo! Finance
- PermRock Royalty Trust Declares Monthly Cash DistributionPR Newswire
PRT
Sec Filings
- 4/19/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/18/24 - Form 8-K
- PRT's page on the SEC website