Olivier Ventures (TSXV:OVL) ROCE % : 0.00% (As of Jan. 2024)

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What is Olivier Ventures 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. Olivier Ventures's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Olivier Ventures ROCE % Historical Data

The historical data trend for Olivier Ventures'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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Olivier Ventures ROCE % Chart

Olivier Ventures Annual Data

Trend

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ROCE %

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Olivier Ventures Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Olivier Ventures ROCE % Calculation

Olivier Ventures's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.082	/	( ( (0.003 - 3.607)	+	(0.006 - 3.757) )	/ 2 )
	=	-0.082	/	( (-3.604	+	-3.751)	/ 2 )
	=	-0.082	/	-3.6775
	=	2.23 %

Olivier Ventures's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.044	/	( ( (0.006 - 3.782)	+	(0.002 - 3.806) )	/ 2 )
	=	-0.044	/	( ( -3.776	+	-3.804 )	/ 2 )
	=	-0.044	/	-3.79
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Olivier Ventures (TSXV:OVL) 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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Olivier Ventures (TSXV:OVL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Olivier Ventures Inc (TSXV:OVL) » Definitions » ROCE %

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Address

1030 West Georgia Street, Suite 905, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.pacificparagon.com

Olivier Ventures Inc is principally engaged in the acquisition, exploration, and development of oil and gas properties located in North America. The company owns an interest in Taber Property.