Birchcliff Energy (TSX:BIR.PR.A.PFD) ROCE %

: -0.71% (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. Birchcliff Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.71%.

Birchcliff Energy ROCE % Historical Data

The historical data trend for Birchcliff 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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Birchcliff Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-2.44

-1.68

15.79

29.89

1.19

Birchcliff Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																12.09	-6.53	8.28	3.66	-0.71

Birchcliff Energy ROCE % Calculation

Birchcliff 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 )
	=	36.262	/	( ( (3169.365 - 147.046)	+	(3176.91 - 112.574) )	/ 2 )
	=	36.262	/	( (3022.319	+	3064.336)	/ 2 )
	=	36.262	/	3043.3275
	=	1.19 %

Birchcliff 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: 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 )
	=	-21.776	/	( ( (3175.234 - 113.521)	+	(3176.91 - 112.574) )	/ 2 )
	=	-21.776	/	( ( 3061.713	+	3064.336 )	/ 2 )
	=	-21.776	/	3063.0245
	=	-0.71 %

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

Birchcliff Energy (TSX:BIR.PR.A.PFD) 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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Birchcliff Energy (TSX:BIR.PR.A.PFD) Business Description

Industry

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Traded in Other Exchanges

BIREF:USA 39B:Germany BIR:Canada

Address

600 - 3rd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 0G5

Website

https://www.birchcliffenergy.com

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes. Natural gas production accounts for the majority of Birchcliff's revenue.

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