NuEnergy Gas (FRA:NUB) ROCE % : -1.06% (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is NuEnergy Gas 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. NuEnergy Gas's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.06%.

NuEnergy Gas ROCE % Historical Data

The historical data trend for NuEnergy Gas'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.

* Premium members only.

NuEnergy Gas ROCE % Chart

NuEnergy Gas Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-52.76

-8.76

29.21

-4.70

-2.27

NuEnergy Gas 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															-7.61	-1.78	-1.24	-3.38	-1.06

NuEnergy Gas ROCE % Calculation

NuEnergy Gas's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.398	/	( ( (28.379 - 10.318)	+	(26.953 - 10.004) )	/ 2 )
	=	-0.398	/	( (18.061	+	16.949)	/ 2 )
	=	-0.398	/	17.505
	=	-2.27 %

NuEnergy Gas'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 )
	=	-0.174	/	( ( (26.953 - 10.004)	+	(25.667 - 9.691) )	/ 2 )
	=	-0.174	/	( ( 16.949	+	15.976 )	/ 2 )
	=	-0.174	/	16.4625
	=	-1.06 %

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

NuEnergy Gas (FRA:NUB) 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.

NuEnergy Gas ROCE % Related Terms

Thank you for viewing the detailed overview of NuEnergy Gas's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

NuEnergy Gas (FRA:NUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NuEnergy Gas Ltd (FRA:NUB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NGY:Australia

Address

c/- KPMG, 300 Barangaroo Avenue, Level 38, Tower 3, International Towers Sydney, Sydney, NSW, AUS, 2000

Website

https://www.nuenergygas.com

NuEnergy Gas Ltd is engaged in the exploration, appraisal, and development of hydrocarbons with a primary focus on unconventional coal seam gas also known as coal bed methane (CBM). The exploration assets of the group are predominantly located in Indonesia, followed by Australia. The company operates in one segment which is CBM exploration.

NuEnergy Gas (FRA:NUB) Headlines

No Headlines