ADX Energy (ADX Energy) ROCE % : -10.04% (As of Dec. 2023)

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What is ADX 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. ADX Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.04%.

ADX Energy ROCE % Historical Data

The historical data trend for ADX 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.

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ADX Energy ROCE % Chart

ADX Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.77

-19.92

-16.14

-6.31

-13.31

ADX Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-17.17	-5.23	-7.96	-18.75	-10.04

ADX Energy ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-2.93	/	( ( (22.04 - 2.457)	+	(28.537 - 4.079) )	/ 2 )
	=	-2.93	/	( (19.583	+	24.458)	/ 2 )
	=	-2.93	/	22.0205
	=	-13.31 %

ADX 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-2.206	/	( ( (22.436 - 2.936)	+	(28.537 - 4.079) )	/ 2 )
	=	-2.206	/	( ( 19.5	+	24.458 )	/ 2 )
	=	-2.206	/	21.979
	=	-10.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

ADX Energy (OTCPK:ADXRF) 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.

ADX Energy ROCE % Related Terms

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ADX Energy (ADX Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADX Energy Ltd (OTCPK:ADXRF) » Definitions » ROCE %

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GHU:Germany ADX:Australia

Address

29 Bay Road, Claremont, WA, AUS, 6008

Website

https://www.adxenergy.com.au

ADX Energy Ltd is engaged in oil and gas exploration. The reportable operating segments of the company are Sicily Channel Offshore Exploration and Evaluation Segment; Romania Exploration and Appraisal/Development Segment; and Austria Production Segment. The company generates key revenue from Austria Production Segment which includes assets and activities that are associated with oil and gas production in that region.

ADX Energy (ADX Energy) Headlines

From GuruFocus

Adx Energy Ltd at Vertical Events RIU Good Oil & Gas Energy Transcript

By GuruFocus Research • 02-12-2024