Afren (LSE:AFR) ROCE % : 0.00% (As of Dec. 2014)

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What is Afren 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. Afren's annualized ROCE % for the quarter that ended in Dec. 2014 was 0.00%.

Afren ROCE % Historical Data

The historical data trend for Afren'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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Afren ROCE % Chart

Afren Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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8.30

15.06

23.80

6.80

-84.45

Afren Quarterly Data
	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Jun13	Sep13	Dec13	Jun14	Dec14
ROCE %	Get a 7-Day Free Trial															13.99	21.32	-30.25	47.09	-

Afren ROCE % Calculation

Afren's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	-1225.794	/	( ( (2524.119 - 572.851)	+	(1683.573 - 731.975) )	/ 2 )
	=	-1225.794	/	( (1951.268	+	951.598)	/ 2 )
	=	-1225.794	/	1451.433
	=	-84.45 %

Afren's ROCE % of for the quarter that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	0	/	( ( (2566.831 - 535.328)	+	(1683.573 - 731.975) )	/ 2 )
	=	0	/	( ( 2031.503	+	951.598 )	/ 2 )
	=	0	/	1491.5505
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2014) EBIT data.

Afren (LSE:AFR) 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.

Afren ROCE % Related Terms

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Afren (LSE:AFR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Afren PLC (LSE:AFR) » Definitions » ROCE %

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Address

Website

http://www.afren.com

Afren PLC was incorporated on December 3, 2004. The Company, together with its subsidiaries, is engaged in oil and gas exploration, development and production in Africa and the Kurdistan region of Iraq. The Company is to optimally acquire and develop a balanced and diversified portfolio of quality assets and create value across the exploration and production value chain. Its portfolio is organised into three geographical regions Nigeria, other West and South Africa, Afren East Africa Exploration and the Kurdistan region of Iraq.

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