Orca Energy Group (Orca Energy Group) ROCE % : 14.50% (As of Dec. 2023)

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What is Orca Energy Group 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. Orca Energy Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.50%.

Orca Energy Group ROCE % Historical Data

The historical data trend for Orca Energy Group'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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Orca Energy Group ROCE % Chart

Orca Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.49

25.83

26.23

36.78

20.40

Orca Energy Group 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															27.80	25.42	22.80	16.07	14.50

Orca Energy Group ROCE % Calculation

Orca Energy Group'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 )
	=	32.982	/	( ( (248.083 - 71.419)	+	(215.431 - 68.717) )	/ 2 )
	=	32.982	/	( (176.664	+	146.714)	/ 2 )
	=	32.982	/	161.689
	=	20.40 %

Orca Energy Group'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 )
	=	21.944	/	( ( (220.013 - 64.123)	+	(215.431 - 68.717) )	/ 2 )
	=	21.944	/	( ( 155.89	+	146.714 )	/ 2 )
	=	21.944	/	151.302
	=	14.50 %

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

Orca Energy Group (OTCPK:ORXGF) 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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Orca Energy Group (Orca Energy Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Orca Energy Group Inc (OTCPK:ORXGF) » Definitions » ROCE %

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E9NB:Germany ORC.B:Canada ORC.A:Canada

Address

Haile Selassie Road, Oyster Plaza Building, 5th Floor, P.O. Box 80139, Dar es Salaam, TZA

Website

https://www.orcaenergygroup.com

Orca Energy Group Inc produces and sells natural gas to the power and industrial sectors in Tanzania. The company delivers gas to TPDC through a long-term gas sales agreement to the TPDC-operated National Natural Gas Infrastructure on Songo Songo Island where the natural gas is processed before being transported to Dar es Salaam for power and industrial use. In addition to gas supplied to TPDC, Songas, and TANESCO for the generation of power, the company has developed and supplied an industrial gas market in the Dar es Salaam area.