Sabine Royalty Trust (Sabine Royalty Trust) ROCE % : 1,797.61% (As of Dec. 2023)

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What is Sabine Royalty Trust 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. Sabine Royalty Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 1,797.61%.

Sabine Royalty Trust ROCE % Historical Data

The historical data trend for Sabine Royalty Trust'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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Sabine Royalty Trust ROCE % Chart

Sabine Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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775.50

690.66

612.40

930.74

895.87

Sabine Royalty Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															933.69	874.74	687.22	829.59	1,797.61

Sabine Royalty Trust ROCE % Calculation

Sabine Royalty Trust's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	89.448	/	( ( (16.283 - 4.873)	+	(9.438 - 0.879) )	/ 2 )
	=	89.448	/	( (11.41	+	8.559)	/ 2 )
	=	89.448	/	9.9845
	=	895.87 %

Sabine Royalty Trust'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	133.104	/	( ( (9.746 - 3.496)	+	(9.438 - 0.879) )	/ 2 )
	=	133.104	/	( ( 6.25	+	8.559 )	/ 2 )
	=	133.104	/	7.4045
	=	1,797.61 %

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

Sabine Royalty Trust (NYSE:SBR) 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.

Sabine Royalty Trust ROCE % Related Terms

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Sabine Royalty Trust (Sabine Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sabine Royalty Trust (NYSE:SBR) » Definitions » ROCE %

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Address

2911 Turtle Creek Boulevard, Simmons Bank, Suite 850, Dallas, TX, USA, 75219

Website

https://www.sbr-sabine.com

Sabine Royalty Trust is an express trust which is formed to receive Sabine Corporation's royalty and mineral interests, including landowner's royalties, overriding royalty interests, minerals production payments and any other similar, non-participatory interest, in certain Royalty Properties. The trusts producing and proved undeveloped oil and gas royalty properties are located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.