Mesa Royalty Trust (Mesa Royalty Trust) ROCE % : 28.21% (As of Dec. 2023)

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What is Mesa Royalty Trust 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. Mesa Royalty Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.21%.

Mesa Royalty Trust ROCE % Historical Data

The historical data trend for Mesa Royalty Trust'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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Mesa Royalty Trust ROCE % Chart

Mesa Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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59.75

21.65

29.76

141.20

95.74

Mesa Royalty Trust 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															158.59	103.15	222.46	34.23	28.21

Mesa Royalty Trust ROCE % Calculation

Mesa Royalty Trust'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 )
	=	2.743	/	( ( (3.749 - 1.059)	+	(3.407 - 0.367) )	/ 2 )
	=	2.743	/	( (2.69	+	3.04)	/ 2 )
	=	2.743	/	2.865
	=	95.74 %

Mesa Royalty Trust'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 )
	=	0.848	/	( ( (3.237 - 0.264)	+	(3.407 - 0.367) )	/ 2 )
	=	0.848	/	( ( 2.973	+	3.04 )	/ 2 )
	=	0.848	/	3.0065
	=	28.21 %

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

Mesa Royalty Trust (NYSE:MTR) 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.

Mesa Royalty Trust ROCE % Related Terms

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Mesa Royalty Trust (Mesa Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mesa Royalty Trust (NYSE:MTR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, Floor 16, Global Corporate Trust, Houston, TX, USA, 77002

Website

https://mtr.q4web.com

Mesa Royalty Trust holds net overriding royalty interests in various oil and gas properties located in the: Hugoton field of Kansas, San Juan Basin field of New Mexico, and San Juan Basin Field of Colorado.

Executives

J Taylor Crandall	10 percent owner	2775 SAND HILL RD, SUITE 220, MENLO PARK CA 94025
Bruce Robert W Iii	10 percent owner
Algenpar Inc	10 percent owner
Alpine Capital Lp	10 percent owner