Enerplus (Enerplus) ROCE % : 33.55% (As of Dec. 2023)

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What is Enerplus 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. Enerplus's annualized ROCE % for the quarter that ended in Dec. 2023 was 33.55%.

Enerplus ROCE % Historical Data

The historical data trend for Enerplus'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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Enerplus ROCE % Chart

Enerplus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.76

-70.06

32.81

87.90

38.68

Enerplus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															119.19	48.84	27.42	43.08	33.55

Enerplus ROCE % Calculation

Enerplus's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	585.027	/	( ( (1937.981 - 503.167)	+	(2068.476 - 478.357) )	/ 2 )
	=	585.027	/	( (1434.814	+	1590.119)	/ 2 )
	=	585.027	/	1512.4665
	=	38.68 %

Enerplus's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	541.312	/	( ( (2112.418 - 475.385)	+	(2068.476 - 478.357) )	/ 2 )
	=	541.312	/	( ( 1637.033	+	1590.119 )	/ 2 )
	=	541.312	/	1613.576
	=	33.55 %

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

Enerplus (NYSE:ERF) 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.

Enerplus ROCE % Related Terms

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Enerplus (Enerplus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerplus Corp (NYSE:ERF) » Definitions » ROCE %

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E17:Germany ERF:Canada

Address

3000, 333 - 7th Avenue S.W., The Dome Tower, Calgary, AB, CAN, T2P 2Z1

Website

https://www.enerplus.com

Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. The majority of oil production is derived from the Williston and Waterfloods basins, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners and mineral rights owners. Crude oil and natural gas are sold to customers in both countries where assets are held and can be sold either at the well or a fixed destination.