Spartan Delta (TSX:SDE) ROCE % : 33.16% (As of Dec. 2023)

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What is Spartan Delta 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. Spartan Delta's annualized ROCE % for the quarter that ended in Dec. 2023 was 33.16%.

Spartan Delta ROCE % Historical Data

The historical data trend for Spartan Delta'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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Spartan Delta ROCE % Chart

Spartan Delta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.95

27.67

41.48

44.51

66.21

Spartan Delta 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															46.47	27.87	229.53	20.90	33.16

Spartan Delta ROCE % Calculation

Spartan Delta'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 )
	=	791.295	/	( ( (2099.475 - 278.627)	+	(819.524 - 250.248) )	/ 2 )
	=	791.295	/	( (1820.848	+	569.276)	/ 2 )
	=	791.295	/	1195.062
	=	66.21 %

Spartan Delta'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 )
	=	166.552	/	( ( (862.245 - 426.935)	+	(819.524 - 250.248) )	/ 2 )
	=	166.552	/	( ( 435.31	+	569.276 )	/ 2 )
	=	166.552	/	502.293
	=	33.16 %

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

Spartan Delta (TSX:SDE) 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.

Spartan Delta ROCE % Related Terms

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Spartan Delta (TSX:SDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spartan Delta Corp (TSX:SDE) » Definitions » ROCE %

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DALXF:USA 4YJ0:Germany

Address

308 - 4th Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 0H7

Website

https://www.spartandeltacorp.com

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. It operates and focuses its activities on Peace River Arch and Central Alberta.