Barryroe Offshore Energy (AQSE:PVR) ROCE % : -6.60% (As of Jun. 2022)

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What is Barryroe Offshore 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. Barryroe Offshore Energy's annualized ROCE % for the quarter that ended in Jun. 2022 was -6.60%.

Barryroe Offshore Energy ROCE % Historical Data

The historical data trend for Barryroe Offshore 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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Barryroe Offshore Energy ROCE % Chart

Barryroe Offshore Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-19.82

-4.93

-32.98

-16.36

6.19

Barryroe Offshore Energy Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
ROCE %	Get a 7-Day Free Trial															-28.91	-2.75	6.18	6.40	-6.60

Barryroe Offshore Energy ROCE % Calculation

Barryroe Offshore Energy's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	3.429	/	( ( (56.815 - 3.596)	+	(58.881 - 1.276) )	/ 2 )
	=	3.429	/	( (53.219	+	57.605)	/ 2 )
	=	3.429	/	55.412
	=	6.19 %

Barryroe Offshore Energy's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	-3.956	/	( ( (58.881 - 1.276)	+	(65.228 - 2.872) )	/ 2 )
	=	-3.956	/	( ( 57.605	+	62.356 )	/ 2 )
	=	-3.956	/	59.9805
	=	-6.60 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

Barryroe Offshore Energy (AQSE:PVR) 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.

Barryroe Offshore Energy ROCE % Related Terms

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Barryroe Offshore Energy (AQSE:PVR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Barryroe Offshore Energy PLC (AQSE:PVR) » Definitions » ROCE %

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Address

Corrig Road, Sandyford Business Park, Paramount Court, Dublin, IRL, D18 R9C7

Website

https://www.barryroeoffshoreenergy.com

Barryroe Offshore Energy PLC is an Irish-based oil and gas exploration company with a portfolio of appraisal and exploration assets located offshore Ireland. Its projects include Barryroe, North Celtic Sea; Diablo, Southern Porcupine; Dunquin South, Southern Porcupine; Newgrange, Goban Spur; Avalon, Southern Porcupine; and others. The company's only reportable segment is the Republic of Ireland's exploration assets.

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