New Zealand Energy (New Zealand Energy) ROCE % : -10.57% (As of Sep. 2023)

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What is New Zealand 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. New Zealand Energy's annualized ROCE % for the quarter that ended in Sep. 2023 was -10.57%.

New Zealand Energy ROCE % Historical Data

The historical data trend for New Zealand 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.

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New Zealand Energy ROCE % Chart

New Zealand Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-3.83

-12.10

-8.81

-4.50

19.68

New Zealand 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															-5.56	77.17	-9.09	-20.92	-10.57

New Zealand Energy ROCE % Calculation

New Zealand 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 )
	=	1.675	/	( ( (11.715 - 3.323)	+	(11.699 - 3.07) )	/ 2 )
	=	1.675	/	( (8.392	+	8.629)	/ 2 )
	=	1.675	/	8.5105
	=	19.68 %

New Zealand 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 )
	=	-0.736	/	( ( (10.358 - 2.97)	+	(9.829 - 3.295) )	/ 2 )
	=	-0.736	/	( ( 7.388	+	6.534 )	/ 2 )
	=	-0.736	/	6.961
	=	-10.57 %

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

New Zealand Energy (OTCPK:NZERF) 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.

New Zealand Energy ROCE % Related Terms

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New Zealand Energy (New Zealand Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Zealand Energy Corp (OTCPK:NZERF) » Definitions » ROCE %

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NZ:Canada

Address

119-125 Devon Street East, P.O. Box 8440, Level 2, New Plymouth, NTL, NZL, 4310

Website

https://www.newzealandenergy.com

New Zealand Energy Corp is engaged in the exploration and production of oil and natural gas, as well as the operation of midstream assets. The company conducts its business as a single operating segment being the acquisition, exploration, development, and production of conventional oil and natural gas resources. Geographically, it operates through the region of New Zealand. It generates most of its revenues from Oil sales.

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