TransAtlantic Petroleum (TSX:TNP) ROCE % : 7.75% (As of Sep. 2020)

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What is TransAtlantic Petroleum 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. TransAtlantic Petroleum's annualized ROCE % for the quarter that ended in Sep. 2020 was 7.75%.

TransAtlantic Petroleum ROCE % Historical Data

The historical data trend for TransAtlantic Petroleum'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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TransAtlantic Petroleum ROCE % Chart

TransAtlantic Petroleum Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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3.48

-3.17

-7.67

13.86

15.19

TransAtlantic Petroleum Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial															16.55	8.14	-124.68	-30.96	7.75

TransAtlantic Petroleum ROCE % Calculation

TransAtlantic Petroleum's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	18.693	/	( ( (178.161 - 56.285)	+	(179.762 - 55.534) )	/ 2 )
	=	18.693	/	( (121.876	+	124.228)	/ 2 )
	=	18.693	/	123.052
	=	15.19 %

TransAtlantic Petroleum's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	5.96	/	( ( (128.318 - 47.73)	+	(112.272 - 39.114) )	/ 2 )
	=	5.96	/	( ( 80.588	+	73.158 )	/ 2 )
	=	5.96	/	76.873
	=	7.75 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

TransAtlantic Petroleum (TSX:TNP) 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.

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TransAtlantic Petroleum (TSX:TNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TransAtlantic Petroleum Ltd (TSX:TNP) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

16803 Dallas Parkway, Addison, TX, USA, 75001

Website

http://www.transatlanticpetroleum.com

TransAtlantic Petroleum Ltd is an oil and natural gas company, which is engaged in the acquisition, exploration, development, and production of oil and natural gas. It operates through the Turkey and Bulgaria geographical segments. It holds interests in developed and undeveloped oil and natural gas properties in Turkey and Bulgaria. All of its oil production is concentrated in southeastern Turkey, primarily in the Arpatepe, Bahar, Goksu and Selmo oil fields, and its natural gas production is concentrated in the Thrace Basin, which is located in northwestern Turkey near Istanbul. The firm derives the majority of revenue from of crude oil and natural gas.