Sound Energy (Sound Energy) ROCE % : 1.24% (As of Dec. 2023)

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What is Sound Energy 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. Sound Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.24%.

Sound Energy ROCE % Historical Data

The historical data trend for Sound 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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Sound Energy ROCE % Chart

Sound Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.99

-11.66

1.49

3.23

-3.27

Sound 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															7.47	9.38	-2.74	-7.87	1.24

Sound Energy ROCE % Calculation

Sound Energy'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 )
	=	-8.329	/	( ( (258.29 - 3.991)	+	(258.504 - 3.563) )	/ 2 )
	=	-8.329	/	( (254.299	+	254.941)	/ 2 )
	=	-8.329	/	254.62
	=	-3.27 %

Sound 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 )
	=	3.106	/	( ( (252.197 - 5.297)	+	(258.504 - 3.563) )	/ 2 )
	=	3.106	/	( ( 246.9	+	254.941 )	/ 2 )
	=	3.106	/	250.9205
	=	1.24 %

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

Sound Energy (OTCPK:SNEGF) 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.

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Sound Energy (Sound Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sound Energy PLC (OTCPK:SNEGF) » Definitions » ROCE %

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SOU:UK 88S1:Germany

Address

20 St Dunstan's Hill, London, GBR, EC3R 8HL

Website

https://www.soundenergyplc.com

Sound Energy PLC is a transitional energy company, with two-phase development projects in Morocco which include a micro-LNG project, a cornerstone investor, and sizeable exploration potential with ESG at its core. It owns the Tendrara Production concession (75% effective interest) with recoverable resources of 377Bcf (2C) natural gas discovery (TE-5 Horst) in the Triassic TAGI gas reservoir; the Greater Tendrara Exploration permit (75% effective interest); the Anoual exploration permit (75% effective interest) and a 75% effective interest in Sidi Mokhtar on the Atlantic seaboard of Morocco.

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