NewMed Energy LP (XTAE:NWMD) ROCE % : 17.36% (As of Dec. 2023)

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What is NewMed Energy LP 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. NewMed Energy LP's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.36%.

NewMed Energy LP ROCE % Historical Data

The historical data trend for NewMed Energy LP'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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NewMed Energy LP ROCE % Chart

NewMed Energy LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.60

9.98

14.01

21.53

19.98

NewMed Energy LP 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															21.39	22.83	18.27	21.24	17.36

NewMed Energy LP ROCE % Calculation

NewMed Energy LP'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 )
	=	2656.99	/	( ( (14985.516 - 2212.637)	+	(14632.468 - 802.728) )	/ 2 )
	=	2656.99	/	( (12772.879	+	13829.74)	/ 2 )
	=	2656.99	/	13301.3095
	=	19.98 %

NewMed Energy LP'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 )
	=	2387.64	/	( ( (14181.647 - 507.506)	+	(14632.468 - 802.728) )	/ 2 )
	=	2387.64	/	( ( 13674.141	+	13829.74 )	/ 2 )
	=	2387.64	/	13751.9405
	=	17.36 %

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

NewMed Energy LP (XTAE:NWMD) 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.

NewMed Energy LP ROCE % Related Terms

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NewMed Energy LP (XTAE:NWMD) Business Description

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DKDRF:USA

Address

19 Abba Even Boulevard, Hertzliya Pituach, Hertzliya, ISR, 4672537

Website

https://www.newmedenergy.com

NewMed Energy LP is engaged in the exploration, development, and production of oil, condensate, and natural gas. It mainly markets fuel products across Israel and holds interests in several significant gas findings in the Mediterranean Sea region, which include, the Tamar finding, Leviathan finding, and Aphrodite finding in Cyprus.

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