San Juan Basin Royalty Trust (San Juan Basin Royalty Trust) ROCE % : 382.49% (As of Dec. 2023)

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What is San Juan Basin Royalty Trust 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. San Juan Basin Royalty Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 382.49%.

San Juan Basin Royalty Trust ROCE % Historical Data

The historical data trend for San Juan Basin Royalty Trust'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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San Juan Basin Royalty Trust ROCE % Chart

San Juan Basin Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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121.30

117.87

665.17

1,790.81

1,333.45

San Juan Basin Royalty Trust 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															2,837.83	3,672.82	837.03	413.59	382.49

San Juan Basin Royalty Trust ROCE % Calculation

San Juan Basin Royalty Trust'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 )
	=	51.491	/	( ( (8.457 - 4.488)	+	(4.328 - 0.574) )	/ 2 )
	=	51.491	/	( (3.969	+	3.754)	/ 2 )
	=	51.491	/	3.8615
	=	1,333.45 %

San Juan Basin Royalty Trust'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 )
	=	14.416	/	( ( (6.291 - 2.507)	+	(4.328 - 0.574) )	/ 2 )
	=	14.416	/	( ( 3.784	+	3.754 )	/ 2 )
	=	14.416	/	3.769
	=	382.49 %

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

San Juan Basin Royalty Trust (NYSE:SJT) 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.

San Juan Basin Royalty Trust ROCE % Related Terms

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San Juan Basin Royalty Trust (San Juan Basin Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » San Juan Basin Royalty Trust (NYSE:SJT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Post Oak Boulevard, Floor 18, Houston, TX, USA, 77056

Website

http://www.sjbrt.com

San Juan Basin Royalty Trust is an energy sector royalty trust in the United States. It owns approximately 75% net profit interest in a large number of natural gas properties in the San Juan Basin of New Mexico. About 98% of the royalties San Juan collects come from natural gas, with the balance coming from oil.

Executives

J Taylor Crandall	10 percent owner	2775 SAND HILL RD, SUITE 220, MENLO PARK CA 94025
Bruce Robert W Iii	10 percent owner
Algenpar Inc	10 percent owner
Alpine Capital Lp	10 percent owner