Crew Energy (TSX:CR) ROCE % : 14.01% (As of Dec. 2023)

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What is Crew 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. Crew Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.01%.

Crew Energy ROCE % Historical Data

The historical data trend for Crew 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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Crew Energy ROCE % Chart

Crew Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.60

-18.40

21.96

25.63

10.75

Crew Energy 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															26.76	15.89	12.94	2.03	14.01

Crew Energy ROCE % Calculation

Crew 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 )
	=	169.067	/	( ( (1631.514 - 100.118)	+	(1674.87 - 62.111) )	/ 2 )
	=	169.067	/	( (1531.396	+	1612.759)	/ 2 )
	=	169.067	/	1572.0775
	=	10.75 %

Crew 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 )
	=	220.12	/	( ( (1617.938 - 89.023)	+	(1674.87 - 62.111) )	/ 2 )
	=	220.12	/	( ( 1528.915	+	1612.759 )	/ 2 )
	=	220.12	/	1570.837
	=	14.01 %

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

Crew Energy (TSX:CR) 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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Crew Energy (TSX:CR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crew Energy Inc (TSX:CR) » Definitions » ROCE %

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CWEGF:USA C5X:Germany

Address

250 - 5th Street South West, Suite 800, Calgary, AB, CAN, T2P 0R4

Website

https://www.crewenergy.com

Crew Energy Inc is an oil and gas exploration, development, and production company based in Calgary, Alberta, Canada. It conducts its operations in the Western Canada Sedimentary basin, focused in the province of British Columbia. The majority of the Company's petroleum and natural gas sales are conducted in Canada.