Afentra (LSE:AET) ROCE % : -10.53% (As of Jun. 2023)

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What is Afentra 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. Afentra's annualized ROCE % for the quarter that ended in Jun. 2023 was -10.53%.

Afentra ROCE % Historical Data

The historical data trend for Afentra'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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Afentra ROCE % Chart

Afentra Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-4.49

-2.27

-2.80

-8.05

-17.39

Afentra Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-7.49	-8.57	-10.34	-23.45	-10.53

Afentra ROCE % Calculation

Afentra'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 )
	=	-7.442	/	( ( (45.142 - 0.566)	+	(43.404 - 2.38) )	/ 2 )
	=	-7.442	/	( (44.576	+	41.024)	/ 2 )
	=	-7.442	/	42.8
	=	-17.39 %

Afentra's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-5.224	/	( ( (43.404 - 2.38)	+	(76.874 - 18.641) )	/ 2 )
	=	-5.224	/	( ( 41.024	+	58.233 )	/ 2 )
	=	-5.224	/	49.6285
	=	-10.53 %

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

Afentra (LSE:AET) 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.

Afentra ROCE % Related Terms

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Afentra (LSE:AET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Afentra PLC (LSE:AET) » Definitions » ROCE %

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STGAF:USA SEY.GB:UK TB8A:Germany

Address

High Holborn House, 52-54 High Holborn, London, GBR, WC1V 6RL

Website

https://www.afentraplc.com

Afentra PLC is an upstream oil and gas company operating in the United Kingdom. The company is engaged in the exploration and production of oil and gas with a primary focus on emerging markets including, Africa and the Middle East, and has a high-potential exploration asset the Odewayne Block covers a very large area onshore southwestern Somaliland, located adjacent to the border with Ethiopia.