Vanguard Natural Resources LLC (Vanguard Natural Resources LLC) ROCE % : -119.65% (As of Jun. 2019)

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What is Vanguard Natural Resources LLC 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. Vanguard Natural Resources LLC's annualized ROCE % for the quarter that ended in Jun. 2019 was -119.65%.

Vanguard Natural Resources LLC ROCE % Historical Data

The historical data trend for Vanguard Natural Resources LLC'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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Vanguard Natural Resources LLC ROCE % Chart

Vanguard Natural Resources LLC Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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4.49

-58.79

-75.19

1.93

Vanguard Natural Resources LLC Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
ROCE %	Get a 7-Day Free Trial															-11.76	-4.75	41.73	-26.64	-119.65

Vanguard Natural Resources LLC ROCE % Calculation

Vanguard Natural Resources LLC's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	19.155	/	( ( (1643.52 - 160.084)	+	(1520.102 - 1021.175) )	/ 2 )
	=	19.155	/	( (1483.436	+	498.927)	/ 2 )
	=	19.155	/	991.1815
	=	1.93 %

Vanguard Natural Resources LLC's ROCE % of for the quarter that ended in Jun. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	-1481.688	/	( ( (1466.166 - 4.426)	+	(1131.535 - 116.552) )	/ 2 )
	=	-1481.688	/	( ( 1461.74	+	1014.983 )	/ 2 )
	=	-1481.688	/	1238.3615
	=	-119.65 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

Vanguard Natural Resources LLC (OTCPK:VNRAQ.PFD) 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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Vanguard Natural Resources LLC (Vanguard Natural Resources LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vanguard Natural Resources LLC (OTCPK:VNRAQ.PFD) » Definitions » ROCE %

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Address

5847 San Felipe, Suite 3000, Houston, TX, USA, 77057

Website

https://www.grizzlyenergyllc.com

Grizzly Energy LLC is an onshore energy company. The company is focused on the acquisition and development of oil and natural gas properties in the United States. Its properties comprise of Anadarko, Arkoma, Big Horn, Green River, Gulf Coast and Permian.