Vortex Energy (XCNQ:VRTX) ROCE % : -89.65% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Vortex Energy 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. Vortex Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -89.65%.

Vortex Energy ROCE % Historical Data

The historical data trend for Vortex Energy'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.

Vortex Energy ROCE % Chart

Vortex Energy Annual Data

Trend

Jun22

Jun23

ROCE %

-21.90

-67.38

Vortex Energy Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-179.88	-142.65	-117.53	-89.65

Vortex Energy ROCE % Calculation

Vortex Energy's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.425	/	( ( (1.767 - 0.123)	+	(9.143 - 0.621) )	/ 2 )
	=	-3.425	/	( (1.644	+	8.522)	/ 2 )
	=	-3.425	/	5.083
	=	-67.38 %

Vortex Energy'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-9.092	/	( ( (10.704 - 0.338)	+	(10.857 - 0.94) )	/ 2 )
	=	-9.092	/	( ( 10.366	+	9.917 )	/ 2 )
	=	-9.092	/	10.1415
	=	-89.65 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Vortex Energy (XCNQ:VRTX) 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.

Vortex Energy ROCE % Related Terms

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

Vortex Energy (XCNQ:VRTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vortex Energy Corp (XCNQ:VRTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VTECF:USA AA3:Germany

Address

1177 West Hastings Street, Suite 1930, Vancouver, BC, CAN, V6E 4T5

Website

Vortex Energy Corp is engaged in the acquisition, exploration, staking, and evaluation of the green energy and/or mineral exploration sector. natural resource properties in North America.

Executives