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Petrolia Energy (Petrolia Energy) ROCE % : 0.00% (As of Sep. 2023)


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What is Petrolia Energy 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. Petrolia Energy's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Petrolia Energy ROCE % Historical Data

The historical data trend for Petrolia Energy'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.

* Premium members only.

Petrolia Energy ROCE % Chart

Petrolia Energy Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -341.44 -27.87 -231.82 571.08 -265.87

Petrolia Energy Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2,312.87 - - - -

Petrolia Energy ROCE % Calculation

Petrolia Energy's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-0.997/( ( (7.838 - 6.62) + (8.774 - 9.242) )/ 2 )
=-0.997/( (1.218+-0.468)/ 2 )
=-0.997/0.375
=-265.87 %

Petrolia Energy's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=-1.356/( ( (8.229 - 9.945) + (7.835 - 8.855) )/ 2 )
=-1.356/( ( -1.716 + -1.02 )/ 2 )
=-1.356/-1.368
=0 %

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

* 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.

Petrolia Energy  (OTCPK:BBLS) 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.

Petrolia Energy ROCE % Related Terms

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Petrolia Energy (Petrolia Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrolia Energy Corp (OTCPK:BBLS) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
710 North Post Oak Road, Suite 400, Houston, TX, USA, 77024
Website
https://www.petroliaenergy.com
Petrolia Energy Corp is an oil exploration, development and production company. It acquire's low risk, conventionally producing oil fields. This allows the company to minimize risk and maximize the recoverability of existing reservoirs. It is focused on acquisitions in the Southwest United States. The company's core assets include Twin Lakes San Andres Unit, Slick Unit Dutcher Sands, Askarii Resources, and Minerva-Rockdale Field.
Executives
Zel C Khan officer: President & CEO 7941 KATY FWY, STE 522, HOUSTON TX 77024
Joel Martin Oppenheim director 2035 SUL ROSS STREET, HOUSTON TX 77098
Mark Merle Allen officer: President 4306 STONECROFT CIRCLE, KATY TX 77450
Richard D Dole director 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024
Ivar Siem director 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024
Horacio Alfredo Fernandez officer: Chief Financial Officer 9531 MEADOWVALE DR., HOUSTON TX 77063
Tariq Nawaz Chaudhary officer: Chief Financial Officer 132 MAGENTA CRESCENT, CHESTERMERE A0 T1X0K9
James Edward Burns director 3322 DESERT INN, MONTGOMERY TX 77356
Quinten Beasley director 416 - 42 STREET SW, CALGARY A0 T3C 1Y3
Paul M Deputy officer: Chief Financial Officer 7842 HIGHLAND FARMS, HOUSTON TX 77095
Lee H Lytton director, officer: Secretary 5804 BABCOCK RD, #400, SAN ANTONIO TX 78240
Leo B Womack director, 10 percent owner 710 N. POST OAK ROAD, SUITE 400, HOUSTON TX 77024
David N Baker 10 percent owner 1020 108TH AVENUE, NE SUITE 1004, BELLEVUE WA 98004
Matthew Robert Ferguson director 11044 RESEARCH BLVD., SUITE A-200, AUSTIN TX 78759
Rick Wilber director, 10 percent owner