Interra Resources (SGX:5GI) ROCE % : 11.01% (As of Dec. 2023)

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What is Interra Resources 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. Interra Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.01%.

Interra Resources ROCE % Historical Data

The historical data trend for Interra Resources'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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Interra Resources ROCE % Chart

Interra Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.39

-2.16

8.78

25.51

4.92

Interra Resources 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															18.22	29.58	22.59	-0.68	11.01

Interra Resources ROCE % Calculation

Interra Resources'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 )
	=	3.06	/	( ( (75.234 - 11.046)	+	(69.41 - 9.194) )	/ 2 )
	=	3.06	/	( (64.188	+	60.216)	/ 2 )
	=	3.06	/	62.202
	=	4.92 %

Interra Resources'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 )
	=	6.532	/	( ( (69.71 - 11.303)	+	(69.41 - 9.194) )	/ 2 )
	=	6.532	/	( ( 58.407	+	60.216 )	/ 2 )
	=	6.532	/	59.3115
	=	11.01 %

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

Interra Resources (SGX:5GI) 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.

Interra Resources ROCE % Related Terms

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Interra Resources (SGX:5GI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Interra Resources Ltd (SGX:5GI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Grange Road, No. 05-04 Orchard Building, Singapore, SGP, 239693

Website

http://www.interraresources.com

Interra Resources Ltd is engaged in the business of petroleum exploration and production. Its activities include petroleum production, field development, and exploration. Its segment includes exploration and operation of oil fields for crude petroleum production and others. The company operates in two geographical areas, namely Indonesia and Myanmar out of which Myanmar drives the majority of revenue.

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