Tullow Oil (Tullow Oil) ROCE % : 2.96% (As of Dec. 2023)

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What is Tullow Oil 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. Tullow Oil's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.96%.

Tullow Oil ROCE % Historical Data

The historical data trend for Tullow Oil'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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Tullow Oil ROCE % Chart

Tullow Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.69

-21.41

17.39

19.64

12.19

Tullow Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															8.09	34.76	2.38	22.46	2.96

Tullow Oil ROCE % Calculation

Tullow Oil'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 )
	=	423.6	/	( ( (5039.6 - 1321.3)	+	(4458.6 - 1226) )	/ 2 )
	=	423.6	/	( (3718.3	+	3232.6)	/ 2 )
	=	423.6	/	3475.45
	=	12.19 %

Tullow Oil'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	92.4	/	( ( (4783.9 - 1782)	+	(4458.6 - 1226) )	/ 2 )
	=	92.4	/	( ( 3001.9	+	3232.6 )	/ 2 )
	=	92.4	/	3117.25
	=	2.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Tullow Oil (OTCPK:TUWOY) 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.

Tullow Oil ROCE % Related Terms

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Tullow Oil (Tullow Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tullow Oil PLC (OTCPK:TUWOY) » Definitions » ROCE %

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TUWLF:USA TLW:Ghana TLWl:UK TLW:UK TQW:Germany TQW:Germany

Address

566 Chiswick High Road, Building 9 Chiswick Park, London, GBR, W4 5XT

Website

https://www.tullowoil.com

Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus in offshore fields. Assets used in oil and gas production are acquired through licenses. Tullow depends on seismic and geophysical data to assess potential oil in its fields. The Group's reportable segment are Ghana, Non-operated, Kenya and Exploration. Traditionally, the company has paid the host government several taxes as well as land rentals, training, and ongoing license costs to operate in its primary regions.

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