Silk Energy (Silk Energy) ROCE %

: -12.57% (As of Sep. 2021)

View and export this data going back to 2015. 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. Silk Energy's annualized ROCE % for the quarter that ended in Sep. 2021 was -12.57%.

Silk Energy ROCE % Historical Data

The historical data trend for Silk 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.

Silk Energy Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec19

Dec20

ROCE %

-42.74

-20.17

-1,569.41

Silk Energy Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
ROCE %																18.55	-	-51.07	-14.34	-12.57

Silk Energy ROCE % Calculation

Silk Energy's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	0.947	/	( ( (1.103 - 1.276)	+	(22.286 - 25.043) )	/ 2 )
	=	0.947	/	( (-0.173	+	-2.757)	/ 2 )
	=	0.947	/	-1.465
	=	-64.64 %

Silk Energy's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	-2.12	/	( ( (23.241 - 10.169)	+	(36.333 - 15.661) )	/ 2 )
	=	-2.12	/	( ( 13.072	+	20.672 )	/ 2 )
	=	-2.12	/	16.872
	=	-12.57 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

Silk Energy (OTCPK:SLKEF) 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.

Silk Energy ROCE % Related Terms

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

Silk Energy (Silk Energy) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Wellington Street West, Suite 4100, P.O. Box 35, TD Bank Tower, Toronto, ON, CAN, M5K 1B7

Website

https://www.silk-energy.com

Silk Energy Ltd is a Canada based company engaged in the acquisition, exploration and development of mineral properties.

Silk Energy (Silk Energy) Headlines

No Headlines