AXP Energy (AXP Energy) ROCE %

: -10.57% (As of Dec. 2023)

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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. AXP Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.57%.

AXP Energy ROCE % Historical Data

The historical data trend for AXP 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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AXP Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-22.18

-72.22

30.73

5.54

-29.64

AXP Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %																-2.45	12.98	-39.38	-19.78	-10.57

AXP Energy ROCE % Calculation

AXP Energy's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-5.768	/	( ( (30.585 - 6.62)	+	(20.111 - 5.158) )	/ 2 )
	=	-5.768	/	( (23.965	+	14.953)	/ 2 )
	=	-5.768	/	19.459
	=	-29.64 %

AXP Energy'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.288	/	( ( (20.111 - 5.158)	+	(21.11 - 11.681) )	/ 2 )
	=	-1.288	/	( ( 14.953	+	9.429 )	/ 2 )
	=	-1.288	/	12.191
	=	-10.57 %

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

AXP Energy (OTCPK:AUNXF) 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.

AXP Energy ROCE % Related Terms

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AXP Energy (AXP Energy) Business Description

Industry

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AXP:Australia

Address

8 Spring Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.apxenergy.com

AXP Energy Ltd is an independent oil and gas exploration company focusing on the Illinois Basin and other areas in the southern United States. The principal activities of the Group continued to be oil and gas exploration, development, and production in the United States of America. The company's segment consists of the Appalachian Basin, Denver-Julesburg ("DJ") Basin, Illinois Basin, and Corporate and Other. The company generates the majority of its revenue from the Appalachian Basin.