MV Oil Trust (MV Oil Trust) ROCE % : 304.80% (As of Dec. 2023)

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What is MV Oil 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. MV Oil Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 304.80%.

MV Oil Trust ROCE % Historical Data

The historical data trend for MV Oil 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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MV Oil Trust ROCE % Chart

MV Oil Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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88.81

48.85

122.52

345.16

272.12

MV Oil 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															448.22	279.78	244.67	241.36	304.80

MV Oil Trust ROCE % Calculation

MV Oil 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 )
	=	16.79	/	( ( (6.884 - 0)	+	(5.456 - 0) )	/ 2 )
	=	16.79	/	( (6.884	+	5.456)	/ 2 )
	=	16.79	/	6.17
	=	272.12 %

MV Oil 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 )
	=	17.48	/	( ( (6.014 - 0)	+	(5.456 - 0) )	/ 2 )
	=	17.48	/	( ( 6.014	+	5.456 )	/ 2 )
	=	17.48	/	5.735
	=	304.80 %

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

MV Oil Trust (NYSE:MVO) 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.

MV Oil Trust ROCE % Related Terms

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MV Oil Trust (MV Oil Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MV Oil Trust (NYSE:MVO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

MV Oil Trust is a statutory trust. Its underlying properties consist of MV Partners, LLC's (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado. These oil and gas properties include producing oil and gas wells.

Executives

Vap I Llc	10 percent owner	1700 WATERFRONT PARKWAY, BUILDING 500, WICHITA KS 67206
Mv Energy Llc	10 percent owner	250 N. WATER, SUITE 300, WICHITA KS 67202
Mv Partners Llc	10 percent owner	250 N. WATER, SUITE 300, WICHITA KS 67202