Kelt Exploration (Kelt Exploration) ROCE % : 11.26% (As of Dec. 2023)

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What is Kelt Exploration 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. Kelt Exploration's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.26%.

Kelt Exploration ROCE % Historical Data

The historical data trend for Kelt Exploration'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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Kelt Exploration ROCE % Chart

Kelt Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.00

-36.09

17.50

21.95

10.54

Kelt Exploration 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															28.19	8.51	12.92	9.65	11.26

Kelt Exploration ROCE % Calculation

Kelt Exploration'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 )
	=	86.305	/	( ( (830.404 - 64.331)	+	(939.395 - 68.009) )	/ 2 )
	=	86.305	/	( (766.073	+	871.386)	/ 2 )
	=	86.305	/	818.7295
	=	10.54 %

Kelt Exploration'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 )
	=	95.464	/	( ( (903.416 - 79.2)	+	(939.395 - 68.009) )	/ 2 )
	=	95.464	/	( ( 824.216	+	871.386 )	/ 2 )
	=	95.464	/	847.801
	=	11.26 %

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

Kelt Exploration (OTCPK:KELTF) 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.

Kelt Exploration ROCE % Related Terms

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Kelt Exploration (Kelt Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kelt Exploration Ltd (OTCPK:KELTF) » Definitions » ROCE %

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KEL:Canada

Address

311 – 6th Avenue S.W, Suite 300, Calgary, AB, CAN, T2P 3H2

Website

https://www.keltexploration.com

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.

Kelt Exploration (Kelt Exploration) Headlines

From GuruFocus

Kelt Announces Results of Shareholders' Meeting

By GlobeNewswire GlobeNewswire • 04-26-2019

Kelt Reports Inga Infrastructure Agreement, Provides an Operations Update and Expands Its Executive Team

By GlobeNewswire GlobeNewswire • 07-05-2018