Desert Peak Minerals (Desert Peak Minerals) ROCE % : 0.00% (As of Jun. 2021)

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What is Desert Peak Minerals 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. Desert Peak Minerals's annualized ROCE % for the quarter that ended in Jun. 2021 was 0.00%.

Desert Peak Minerals ROCE % Historical Data

The historical data trend for Desert Peak Minerals'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.

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Desert Peak Minerals ROCE % Chart

Desert Peak Minerals Annual Data

Trend

Dec19

Dec20

ROCE %

1.58

-2.00

Desert Peak Minerals Quarterly Data
	Dec19	Dec20	Jun21
ROCE %	-	-	-

Desert Peak Minerals ROCE % Calculation

Desert Peak Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-12.208	/	( ( (631.805 - 8.142)	+	(598.628 - 2.09) )	/ 2 )
	=	-12.208	/	( (623.663	+	596.538)	/ 2 )
	=	-12.208	/	610.1005
	=	-2.00 %

Desert Peak Minerals's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	0	/	( ( (598.628 - 2.09)	+	(909.548 - 6.449) )	/ 2 )
	=	0	/	( ( 596.538	+	903.099 )	/ 2 )
	=	0	/	749.8185
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

Desert Peak Minerals (NYSE:DPM) 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.

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Desert Peak Minerals (Desert Peak Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Desert Peak Minerals Inc (NYSE:DPM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.desertpeak.com

Desert Peak Minerals Inc acquires, owns, and manages mineral and royalty interests in the Permian Basin. Its mineral and royalty interests entitle the company to receive a fixed percentage of the revenue from crude oil, natural gas, and NGLs produced from the acreage.