InterOil Exploration and Production ASA (OSTO:IOXO) ROCE % : 14.31% (As of Sep. 2023)

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What is InterOil Exploration and Production ASA 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. InterOil Exploration and Production ASA's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.31%.

InterOil Exploration and Production ASA ROCE % Historical Data

The historical data trend for InterOil Exploration and Production ASA'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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InterOil Exploration and Production ASA ROCE % Chart

InterOil Exploration and Production ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-9.52

-28.15

-39.63

-1.70

19.32

InterOil Exploration and Production ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															27.79	-2.09	-7.50	-8.74	14.31

InterOil Exploration and Production ASA ROCE % Calculation

InterOil Exploration and Production ASA'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 )
	=	46.674	/	( ( (332.417 - 76.106)	+	(337.089 - 110.262) )	/ 2 )
	=	46.674	/	( (256.311	+	226.827)	/ 2 )
	=	46.674	/	241.569
	=	19.32 %

InterOil Exploration and Production ASA's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	34.448	/	( ( (347.774 - 108.633)	+	(488.017 - 245.757) )	/ 2 )
	=	34.448	/	( ( 239.141	+	242.26 )	/ 2 )
	=	34.448	/	240.7005
	=	14.31 %

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

InterOil Exploration and Production ASA (OSTO:IOXO) 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.

InterOil Exploration and Production ASA ROCE % Related Terms

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InterOil Exploration and Production ASA (OSTO:IOXO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » InterOil Exploration and Production ASA (OSTO:IOXO) » Definitions » ROCE %

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IOX:Norway

Address

c/o Advokatfirmaet Schjodt AS, Ruselokkveien 14, Oslo, NOR, 0251

Website

https://www.interoil.no

InterOil Exploration and Production ASA is an upstream oil exploration and production company. It is engaged in the exploration, development, production, purchase, and sale of oil and natural gas deposits. The group has a reportable segment namely Colombia and Argentina, which consists of upstream activities including oil and natural gas exploration, field development, and production from its licenses in Colombia, which is the group's strategic business unit. The operations of the firm are carried out in Colombia, Norway and Argentina.

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