Returns On Capital At Phillips 66 (NYSE:PSX) Have Stalled [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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US:NYSE Investor Relations:
investor.phillips66.com/events-and-presentations/default.aspx
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Source: Yahoo! Finance
employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. That's why when we briefly looked at Phillips 66's NYSE:PSX ) ROCE trend, we were pretty happy with what we saw. Return On Capital Employed (ROCE): What Is It? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Phillips 66, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.13 = US$8.0b ÷ (US$76b - US$16b) (Based on the trailing twelve months to December 2023) So, Phillips 66 has an ROCE of 13%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Oil and Gas industry average of 15%. Check out our latest analysis for Phillips 66
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News
- Phillips 66: Turnaround Still Very Much A Work In Progress [Seeking Alpha]Seeking Alpha
- Phillips 66's (NYSE:PSX) Stock Been Rising: Are Strong Financials Guiding The Market? [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (NYSE: PSX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Phillips 66 (PSX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) Q1 Earnings Miss, Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
PSX
Earnings
- 4/26/24 - Miss
PSX
Sec Filings
- 4/29/24 - Form 10-Q
- 4/26/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- PSX's page on the SEC website