Caspian Sunrise (LSE:CASP) ROCE % : 17.09% (As of Jun. 2023)

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What is Caspian Sunrise 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. Caspian Sunrise's annualized ROCE % for the quarter that ended in Jun. 2023 was 17.09%.

Caspian Sunrise ROCE % Historical Data

The historical data trend for Caspian Sunrise'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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Caspian Sunrise ROCE % Chart

Caspian Sunrise Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-4.56

1.81

-0.67

-4.31

15.08

Caspian Sunrise 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															7.03	-16.86	24.67	5.65	17.09

Caspian Sunrise ROCE % Calculation

Caspian Sunrise'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 )
	=	10.552	/	( ( (85.887 - 21.3)	+	(96.181 - 20.835) )	/ 2 )
	=	10.552	/	( (64.587	+	75.346)	/ 2 )
	=	10.552	/	69.9665
	=	15.08 %

Caspian Sunrise'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 )
	=	12.972	/	( ( (96.181 - 20.835)	+	(103.533 - 27.103) )	/ 2 )
	=	12.972	/	( ( 75.346	+	76.43 )	/ 2 )
	=	12.972	/	75.888
	=	17.09 %

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

Caspian Sunrise (LSE:CASP) 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.

Caspian Sunrise ROCE % Related Terms

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Caspian Sunrise (LSE:CASP) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Caspian Sunrise PLC (LSE:CASP) » Definitions » ROCE %

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ROXIF:USA

Address

152-A, Karasai Batyra Street, 7th Floor, Almaty, KAZ, 050026

Website

https://www.caspiansunrise.com

Caspian Sunrise PLC is a UK-based company. Its principal activities are the exploration and production of crude oil in Kazakhstan. The company's operations include BNG located in the west of Kazakhstan, Munaily field which is located in the Atyrau Oblast and Beibars which is situated on the Caspian shoreline south of the city of Aktau. Its revenues are derived from the sale of oil in Kazakhstan. Geographically, it operates only in Kazakhstan.

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