Echo Energy (LSE:ECHO) ROCE % : 0.00% (As of Jun. 2023)

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What is Echo 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. Echo Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Echo Energy ROCE % Historical Data

The historical data trend for Echo 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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Echo Energy ROCE % Chart

Echo Energy Annual Data

Trend

Sep12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-25.61

-26.30

-65.18

18.18

-170.14

Echo Energy Semi-Annual Data
	Mar13	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															12.94	25.80	-34.21	-	-

Echo Energy ROCE % Calculation

Echo Energy'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 )
	=	-1.094	/	( ( (10.545 - 0.798)	+	(16.949 - 25.41) )	/ 2 )
	=	-1.094	/	( (9.747	+	-8.461)	/ 2 )
	=	-1.094	/	0.643
	=	-170.14 %

Echo Energy'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 )
	=	-1.08	/	( ( (16.949 - 25.41)	+	(1.506 - 1.316) )	/ 2 )
	=	-1.08	/	( ( -8.461	+	0.19 )	/ 2 )
	=	-1.08	/	-4.1355
	=	0 %

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

Echo Energy (LSE:ECHO) 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.

Echo Energy ROCE % Related Terms

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Echo Energy (LSE:ECHO) Business Description

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Address

85 Great Portland Street, First Floor, London, GBR, W1W 7LT

Website

https://www.echoenergyplc.com

Echo Energy PLC is the holding company for a group of companies engaged in the exploration, appraisal, and development of oil and natural gas producing assets. It focuses on the development of assets in the Central and Southern American geographies.