Surge Energy (TSX:SGY) ROCE % : 10.18% (As of Sep. 2023)

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What is Surge 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. Surge Energy's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.18%.

Surge Energy ROCE % Historical Data

The historical data trend for Surge 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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Surge Energy ROCE % Chart

Surge Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-5.10

-11.93

-78.16

58.61

15.15

Surge Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															33.95	12.16	8.25	8.31	10.18

Surge Energy ROCE % Calculation

Surge Energy's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	189.649	/	( ( (1275.447 - 180.016)	+	(1550.077 - 141.432) )	/ 2 )
	=	189.649	/	( (1095.431	+	1408.645)	/ 2 )
	=	189.649	/	1252.038
	=	15.15 %

Surge Energy's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	136.188	/	( ( (1512.71 - 159.952)	+	(1498.888 - 176.102) )	/ 2 )
	=	136.188	/	( ( 1352.758	+	1322.786 )	/ 2 )
	=	136.188	/	1337.772
	=	10.18 %

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

Surge Energy (TSX:SGY) 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.

Surge Energy ROCE % Related Terms

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Surge Energy (TSX:SGY) Business Description

Industry

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

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ZPTAF:USA 41Z0:Germany

Address

520 - 3rd Avenue SW, Centennial Place - East Tower, Suite 1200, Calgary, AB, CAN, T2P 0R3

Website

https://www.surgeenergy.ca

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.

Executives

Jared Ducs

Senior Officer

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