Coterra Energy (BSP:C1OG34) ROCE % : 12.80% (As of Dec. 2023)

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What is Coterra 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. Coterra Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.80%.

Coterra Energy ROCE % Historical Data

The historical data trend for Coterra 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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Coterra Energy ROCE % Chart

Coterra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.30

7.94

13.94

27.02

11.36

Coterra Energy 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															27.67	18.79	5.93	9.43	12.80

Coterra Energy ROCE % Calculation

Coterra 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 )
	=	10872.656	/	( ( (105715.792 - 6257.762)	+	(100029.417 - 8133.668) )	/ 2 )
	=	10872.656	/	( (99458.03	+	91895.749)	/ 2 )
	=	10872.656	/	95676.8895
	=	11.36 %

Coterra 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 )
	=	11720.32	/	( ( (99272.809 - 8099.468)	+	(100029.417 - 8133.668) )	/ 2 )
	=	11720.32	/	( ( 91173.341	+	91895.749 )	/ 2 )
	=	11720.32	/	91534.545
	=	12.80 %

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

Coterra Energy (BSP:C1OG34) 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.

Coterra Energy ROCE % Related Terms

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Coterra Energy (BSP:C1OG34) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (BSP:C1OG34) » Definitions » ROCE %

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Address

840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024

Website

https://www.coterra.com

Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).

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