Virtus Oil & Gas (Virtus Oil & Gas) ROCE % : 0.00% (As of Feb. 2016)

View and export this data going back to 2011. Start your Free Trial

What is Virtus Oil & Gas 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. Virtus Oil & Gas's annualized ROCE % for the quarter that ended in Feb. 2016 was 0.00%.

Virtus Oil & Gas ROCE % Historical Data

The historical data trend for Virtus Oil & Gas'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.

* Premium members only.

Virtus Oil & Gas ROCE % Chart

Virtus Oil & Gas Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

ROCE %

Get a 7-Day Free Trial

-1,295.09

Virtus Oil & Gas Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
ROCE %	Get a 7-Day Free Trial															-620.81	-1,323.60	-	-	-

Virtus Oil & Gas ROCE % Calculation

Virtus Oil & Gas's annualized ROCE % for the fiscal year that ended in Nov. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2015 )		(A: Nov. 2014 )		(A: Nov. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2015 )		(A: Nov. 2014 )		(A: Nov. 2015 )
	=	-5.432	/	( ( (0.838 - 0.346)	+	(0.035 - 2.979) )	/ 2 )
	=	-5.432	/	( (0.492	+	-2.944)	/ 2 )
	=	-5.432	/	-1.226
	=	443.07 %

Virtus Oil & Gas's ROCE % of for the quarter that ended in Feb. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2016 )		(Q: Nov. 2015 )		(Q: Feb. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2016 )		(Q: Nov. 2015 )		(Q: Feb. 2016 )
	=	-4.116	/	( ( (0.035 - 2.979)	+	(0.033 - 3.397) )	/ 2 )
	=	-4.116	/	( ( -2.944	+	-3.364 )	/ 2 )
	=	-4.116	/	-3.154
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2016) EBIT data.

Virtus Oil & Gas (GREY:VOIL) 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.

Virtus Oil & Gas ROCE % Related Terms

Thank you for viewing the detailed overview of Virtus Oil & Gas's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Oil & Gas (Virtus Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Virtus Oil & Gas Corp (GREY:VOIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1517 San Jacinto Street, Houston, TX, USA, 77002

Website

https://www.virtusoil.com

Virtus Oil & Gas Corp is an oil and gas exploration and development company. It is focused on the acquisition and exploration of oil and natural gas properties. The company operates Tin Cup Mesa Unit and Squaw Canyon, which are located in the Paradox Basin producing in the Upper Ismay formation. Its properties are located at in Iron County in southern Utah of the United States.

Virtus Oil & Gas (Virtus Oil & Gas) Headlines

From GuruFocus

Virtus Oil and Gas Releases Financials With $14 Million in Assets

By Marketwired Marketwired • 04-19-2018

Virtus Oil and Gas – A Punt On An Old School Oil Exploration Play

By Emerging Opportunities Emerging Opportunities • 07-20-2014

A Closer Look at Virtus Oil and Gas

By George Ronan George Ronan • 07-31-2014

What Is Happening In Iraq Is Critical To You And What You Should Do About It

By Canadian Value Canadian Value • 07-10-2014