Magellan Petroleum (ASX:MGN) ROCE % : -2.71% (As of Dec. 2023)

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What is Magellan Petroleum 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. Magellan Petroleum's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.71%.

Magellan Petroleum ROCE % Historical Data

The historical data trend for Magellan Petroleum'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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Magellan Petroleum ROCE % Chart

Magellan Petroleum Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-45.78

-74.87

-30.19

-4.41

-13.08

Magellan Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.11	-8.22	-19.26	-22.45	-2.71

Magellan Petroleum ROCE % Calculation

Magellan Petroleum'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 )
	=	-221.306	/	( ( (2114.344 - 440.956)	+	(1978.098 - 267.722) )	/ 2 )
	=	-221.306	/	( (1673.388	+	1710.376)	/ 2 )
	=	-221.306	/	1691.882
	=	-13.08 %

Magellan Petroleum'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 )
	=	-46.524	/	( ( (1969.538 - 242.795)	+	(1978.098 - 267.722) )	/ 2 )
	=	-46.524	/	( ( 1726.743	+	1710.376 )	/ 2 )
	=	-46.524	/	1718.5595
	=	-2.71 %

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

Magellan Petroleum (ASX:MGN) 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.

Magellan Petroleum ROCE % Related Terms

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Magellan Petroleum (ASX:MGN) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Magellan Petroleum Corporation (ASX:MGN) » Definitions » ROCE %

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TELL:USA TELL:Mexico MPLN:Germany

Address

1201 Louisiana Street, Suite 3100, Houston, TX, USA, 77002

Website

https://www.tellurianinc.com

Tellurian Inc is a U.S-based independent oil and gas exploration and production company. It is developing a portfolio of natural gas production, LNG marketing, and infrastructure assets that includes an LNG terminal facility and related pipelines. The company generates maximum revenue from Natural gas sales.

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