Calima Energy (ASX:CE1) ROCE % : -9.90% (As of Dec. 2023)

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What is Calima 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. Calima Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.90%.

Calima Energy ROCE % Historical Data

The historical data trend for Calima 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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Calima Energy ROCE % Chart

Calima Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.30

-9.50

-36.12

24.36

-2.33

Calima Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-60.17	25.81	20.50	4.20	-9.90

Calima Energy ROCE % Calculation

Calima Energy'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 )
	=	-2.746	/	( ( (174.064 - 21.851)	+	(122.856 - 39.246) )	/ 2 )
	=	-2.746	/	( (152.213	+	83.61)	/ 2 )
	=	-2.746	/	117.9115
	=	-2.33 %

Calima Energy'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-12.044	/	( ( (176.715 - 17.098)	+	(122.856 - 39.246) )	/ 2 )
	=	-12.044	/	( ( 159.617	+	83.61 )	/ 2 )
	=	-12.044	/	121.6135
	=	-9.90 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Calima Energy (ASX:CE1) 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.

Calima Energy ROCE % Related Terms

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Calima Energy (ASX:CE1) Business Description

Industry

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CLMEF:USA R1Y:Germany

Address

205 5 Ave SW, Suite 1000, Calgary, AB, CAN, T2P 0M9

Website

https://www.calimaenergy.com

Calima Energy Ltd is an oil and gas company. The company and its subsidiaries invest in oil and gas exploration and production projects. The company primarily focuses on finding and developing new projects. Its projects include Brooks, Thorsby, and Montney. It also holds an undeveloped Montney acreage position in northeastern British Columbia, Canada.

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