Hemisphere Energy (TSXV:HME) ROCE % : 29.26% (As of Dec. 2023)

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What is Hemisphere 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. Hemisphere Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.26%.

Hemisphere Energy ROCE % Historical Data

The historical data trend for Hemisphere 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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Hemisphere Energy ROCE % Chart

Hemisphere Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.90

4.89

14.93

49.84

44.41

Hemisphere 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															25.01	45.03	42.39	58.04	29.26

Hemisphere Energy ROCE % Calculation

Hemisphere 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 )
	=	33.197	/	( ( (78.024 - 7.839)	+	(90.737 - 11.408) )	/ 2 )
	=	33.197	/	( (70.185	+	79.329)	/ 2 )
	=	33.197	/	74.757
	=	44.41 %

Hemisphere 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 )
	=	23.504	/	( ( (94.99 - 13.666)	+	(90.737 - 11.408) )	/ 2 )
	=	23.504	/	( ( 81.324	+	79.329 )	/ 2 )
	=	23.504	/	80.3265
	=	29.26 %

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

Hemisphere Energy (TSXV:HME) 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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Hemisphere Energy (TSXV:HME) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hemisphere Energy Corp (TSXV:HME) » Definitions » ROCE %

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HMENF:USA N4Q1:Germany

Address

905 West Pender Street, Suite 501, Vancouver, BC, CAN, V6C 1L6

Website

https://www.hemisphereenergy.ca

Hemisphere Energy Corp is a Canadian oil company focused on the sustainable growth of its high netback, low decline conventional heavy oil assets through water and polymer flood-enhanced recovery methods. It specializes in the development of conventional oil pools using enhanced oil recoveries methods such as waterflood and polymer flood to maximize production and oil recovery. The company's oil assets are in the Manville oil play in the Atlee Buffalo and Jenner areas of southeastern Alberta.