CGX Energy (TSXV:OYL) ROCE % : -1.97% (As of Sep. 2023)

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What is CGX 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. CGX Energy's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.97%.

CGX Energy ROCE % Historical Data

The historical data trend for CGX 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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CGX Energy ROCE % Chart

CGX Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-22.81

-21.95

-8.63

CGX 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															-8.20	-1.67	-0.66	-8.90	-1.97

CGX Energy ROCE % Calculation

CGX 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 )
	=	-7.901	/	( ( (171.599 - 77.361)	+	(126.351 - 37.583) )	/ 2 )
	=	-7.901	/	( (94.238	+	88.768)	/ 2 )
	=	-7.901	/	91.503
	=	-8.63 %

CGX 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 )
	=	-1.716	/	( ( (169.601 - 82.806)	+	(125.721 - 38.412) )	/ 2 )
	=	-1.716	/	( ( 86.795	+	87.309 )	/ 2 )
	=	-1.716	/	87.052
	=	-1.97 %

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

CGX Energy (TSXV:OYL) 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.

CGX Energy ROCE % Related Terms

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CGX Energy (TSXV:OYL) Business Description

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CGXEF:USA

Address

333 Bay Street, Suite 2400, Toronto, ON, CAN, M5H 2T6

Website

https://www.cgxenergy.com

CGX Energy Inc is a Canada-based company that is engaged in exploring petroleum and natural gas in Guyana, South America. The company's offshore concessions include Corentyne and Demerara, and onshore concessions include Berbice.

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