Petro-Victory Energy (TSXV:VRY) ROCE % : -34.89% (As of Sep. 2023)

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What is Petro-Victory 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. Petro-Victory Energy's annualized ROCE % for the quarter that ended in Sep. 2023 was -34.89%.

Petro-Victory Energy ROCE % Historical Data

The historical data trend for Petro-Victory 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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Petro-Victory Energy ROCE % Chart

Petro-Victory Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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283.84

-99.11

-76.18

Petro-Victory 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															-58.13	-77.07	-14.46	-52.22	-34.89

Petro-Victory Energy ROCE % Calculation

Petro-Victory 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 )
	=	-8.049	/	( ( (11.432 - 5.059)	+	(19.181 - 4.423) )	/ 2 )
	=	-8.049	/	( (6.373	+	14.758)	/ 2 )
	=	-8.049	/	10.5655
	=	-76.18 %

Petro-Victory 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 )
	=	-4.888	/	( ( (20.971 - 5.888)	+	(21.993 - 9.06) )	/ 2 )
	=	-4.888	/	( ( 15.083	+	12.933 )	/ 2 )
	=	-4.888	/	14.008
	=	-34.89 %

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

Petro-Victory Energy (TSXV:VRY) 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.

Petro-Victory Energy ROCE % Related Terms

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Petro-Victory Energy (TSXV:VRY) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro-Victory Energy Corp (TSXV:VRY) » Definitions » ROCE %

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PTVRF:USA

Address

5960 Berkshire Lane, 6th Floor, Dallas, TX, USA, 75225

Website

https://www.petrovictoryenergy.com

Petro-Victory Energy Corp is an oil and gas company that is engaged in the acquisition and development of crude oil and natural gas resources in Brazil. It also holds an interest in more than twenty licenses totaling around 164,000 acres in four different producing basins in Brazil.

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