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0.000522787379297669 0.00264468909527035 0.0017836275293683 0.000984070361030793 -0.00854911126145511 -0.00412079463681646 -0.00190663632449722 -0.00824158927363309
Stock impact report

Returns On Capital At Phillips 66 (NYSE:PSX) Have Stalled [Yahoo! Finance]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research 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 Show less Read more
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