Gordon Creek Energy (FRA:M2Y1) ROCE % : -19.78% (As of Oct. 2015)

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What is Gordon Creek 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. Gordon Creek Energy's annualized ROCE % for the quarter that ended in Oct. 2015 was -19.78%.

Gordon Creek Energy ROCE % Historical Data

The historical data trend for Gordon Creek 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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Gordon Creek Energy ROCE % Chart

Gordon Creek Energy Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

ROCE %

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-35.06

-29.24

-72.19

Gordon Creek Energy Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-19.78

Gordon Creek Energy ROCE % Calculation

Gordon Creek Energy's annualized ROCE % for the fiscal year that ended in Jan. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2015 )		(A: Jan. 2014 )		(A: Jan. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2015 )		(A: Jan. 2014 )		(A: Jan. 2015 )
	=	-1.254	/	( ( (17.181 - 22.386)	+	(19.936 - 26.98) )	/ 2 )
	=	-1.254	/	( (-5.205	+	-7.044)	/ 2 )
	=	-1.254	/	-6.1245
	=	20.48 %

Gordon Creek Energy's ROCE % of for the quarter that ended in Oct. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2015 )		(Q: Jul. 2015 )		(Q: Oct. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2015 )		(Q: Jul. 2015 )		(Q: Oct. 2015 )
	=	-0.748	/	( ( (18.071 - 14.008)	+	(17.206 - 13.706) )	/ 2 )
	=	-0.748	/	( ( 4.063	+	3.5 )	/ 2 )
	=	-0.748	/	3.7815
	=	-19.78 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2015) EBIT data.

Gordon Creek Energy (FRA:M2Y1) 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.

Gordon Creek Energy ROCE % Related Terms

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Gordon Creek Energy (FRA:M2Y1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gordon Creek Energy Inc (FRA:M2Y1) » Definitions » ROCE %

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Address

734, 7th Avenue South West, Suite 1350, Calgary, AB, CAN, T2P 3P8

Website

http://www.gordoncreekenergy.com

Gordon Creek Energy Inc is engaged in the acquisition, exploration, development, and production of oil and natural gas properties located in the United States of America. Its projects include Gordon Creek Property; and Weston County.

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