Cooper Energy (Cooper Energy) ROCE %

: -14.14% (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. Cooper Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.14%.

Cooper Energy ROCE % Historical Data

The historical data trend for Cooper 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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Cooper Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-0.98

-10.77

-2.30

-0.90

-6.70

Cooper 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 %																0.09	-1.97	0.72	-14.26	-14.14

Cooper Energy ROCE % Calculation

Cooper 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 )
	=	-50.8	/	( ( (843.269 - 70.885)	+	(902.264 - 158.553) )	/ 2 )
	=	-50.8	/	( (772.384	+	743.711)	/ 2 )
	=	-50.8	/	758.0475
	=	-6.70 %

Cooper 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 )
	=	-104.21	/	( ( (902.264 - 158.553)	+	(902.21 - 172.121) )	/ 2 )
	=	-104.21	/	( ( 743.711	+	730.089 )	/ 2 )
	=	-104.21	/	736.9
	=	-14.14 %

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

Cooper Energy (OTCPK:COPJF) 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.

Cooper Energy ROCE % Related Terms

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Cooper Energy (Cooper Energy) Business Description

Industry

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Traded in Other Exchanges

CDP:Germany COE:Australia

Address

70 Franklin Street, Level 8, Adelaide, SA, AUS, 5000

Website

https://www.cooperenergy.com.au

Cooper Energy Ltd is an upstream gas and oil exploration and production company whose primary purpose is to secure, find, develop, produce and sell hydrocarbons. It is engaged in the discovery, commercialisation, and sale of gas to southeast Australia and low-cost Cooper Basin oil production. Its segments are Cooper Basin; South-East Australia and Other. The company derives a majority of its revenue from South East Australia. The company projects include Sole Gas and Manta Project in Southeast Australia.