Carnarvon Energy (Carnarvon Energy) ROCE %

: -3.14% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

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. Carnarvon Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.14%.

Carnarvon Energy ROCE % Historical Data

The historical data trend for Carnarvon 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.

* Premium members only.

Carnarvon Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-6.90

-3.58

-2.65

-6.99

-3.09

Carnarvon 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 %	Get a 7-Day Free Trial															-10.08	-5.68	-3.22	-3.06	-3.14

Carnarvon Energy ROCE % Calculation

Carnarvon 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 )
	=	-5.707	/	( ( (192.306 - 2.334)	+	(180.25 - 1.389) )	/ 2 )
	=	-5.707	/	( (189.972	+	178.861)	/ 2 )
	=	-5.707	/	184.4165
	=	-3.09 %

Carnarvon 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 )
	=	-5.568	/	( ( (180.25 - 1.389)	+	(176.662 - 1.039) )	/ 2 )
	=	-5.568	/	( ( 178.861	+	175.623 )	/ 2 )
	=	-5.568	/	177.242
	=	-3.14 %

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

Carnarvon Energy (OTCPK:CVONF) 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.

Carnarvon Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Carnarvon Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Carnarvon Energy (Carnarvon Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Carnarvon Energy Ltd (OTCPK:CVONF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CJB:Germany CVN:Australia

Address

76 Kings Park Road, 2nd Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.carnarvon.com.au

Carnarvon Energy Ltd is an oil and gas exploration company. The company is primarily engaged in oil and gas exploration, development, and production. Its exploration projects include Labyrinth, Pepper, Dorado, Apus and Pavo, Buffalo, Condor and Eagle, Outtrim and Maracas, and others.

Carnarvon Energy (Carnarvon Energy) Headlines

From GuruFocus

Carnarvon Energy Ltd at Vertical Events RIU Good Oil & Gas Energy Transcript

By GuruFocus Research • 02-13-2024