Arrow Exploration (Arrow Exploration) ROCE % : 61.42% (As of Sep. 2023)

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What is Arrow Exploration 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. Arrow Exploration's annualized ROCE % for the quarter that ended in Sep. 2023 was 61.42%.

Arrow Exploration ROCE % Historical Data

The historical data trend for Arrow Exploration'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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Arrow Exploration ROCE % Chart

Arrow Exploration Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-0.98

-8.83

-86.87

19.88

25.15

Arrow Exploration Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															34.71	112.69	32.64	-5.36	61.42

Arrow Exploration ROCE % Calculation

Arrow Exploration's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	8.898	/	( ( (41.196 - 4.8)	+	(53.19 - 18.821) )	/ 2 )
	=	8.898	/	( (36.396	+	34.369)	/ 2 )
	=	8.898	/	35.3825
	=	25.15 %

Arrow Exploration's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	27.092	/	( ( (56.306 - 17.523)	+	(62.755 - 13.322) )	/ 2 )
	=	27.092	/	( ( 38.783	+	49.433 )	/ 2 )
	=	27.092	/	44.108
	=	61.42 %

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

Arrow Exploration (OTCPK:CSTPF) 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.

Arrow Exploration ROCE % Related Terms

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Arrow Exploration (Arrow Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arrow Exploration Corp (OTCPK:CSTPF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AXL:UK AXL:Canada

Address

333 - 11th Avenue SW, 1430, Calgary, CAN, T2R 1L9

Website

https://www.arrowexploration.ca

Arrow Exploration Corp is engaged in oil exploration, development and production, and the acquisition of oil and gas properties. It operates in Colombia and Western Canada. Some of the company's assets are Tapir Block and Santa Isabel. The Canada segment of the company is referred to as Corporate Segment. The company's revenues are majorly derived from Oil Sales.

Arrow Exploration (Arrow Exploration) Headlines

From GuruFocus

Arrow Appoints New Chairman

By GlobeNewswire GlobeNewswire • 01-16-2020

Arrow Exploration Provides Update on Timing of Annual and March 31, 2020 Quarterly Filings

By GlobeNewswire GlobeNewswire • 06-01-2020

Arrow Exploration Announces Proposed Private Placement and Grant of Stock Options

By GlobeNewswire GlobeNewswire • 05-24-2020

Arrow Announces Termination of Market-Making Agreement

By GlobeNewswire GlobeNewswire • 12-06-2019

Arrow Exploration Announces Closing of the Sale of the LLA-23 Block

By GlobeNewswire GlobeNewswire • 12-30-2020

Arrow Exploration Corp. Announces Third Quarter 2019 Financial and Operating Results and Initiation of Strategic Alternatives Process

By GlobeNewswire GlobeNewswire • 11-29-2019

Arrow Announces New Interim CEO Appointment

By GlobeNewswire GlobeNewswire • 12-18-2019