AAFGF (Anglo African Oil & Gas) ROCE % : 0.00% (As of Jun. 2021)

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What is Anglo African Oil & Gas 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. Anglo African Oil & Gas's annualized ROCE % for the quarter that ended in Jun. 2021 was 0.00%.

Anglo African Oil & Gas ROCE % Historical Data

The historical data trend for Anglo African Oil & Gas'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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Anglo African Oil & Gas ROCE % Chart

Anglo African Oil & Gas Annual Data

Trend

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-63.21

-49.67

-303.17

Anglo African Oil & Gas Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
ROCE %	Get a 7-Day Free Trial															-57.73	-294.24	-	-	-

Anglo African Oil & Gas ROCE % Calculation

Anglo African Oil & Gas's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-0.946	/	( ( (8.071 - 7.982)	+	(0.055 - 0.797) )	/ 2 )
	=	-0.946	/	( (0.089	+	-0.742)	/ 2 )
	=	-0.946	/	-0.3265
	=	289.74 %

Anglo African Oil & Gas's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	-0.208	/	( ( (0.055 - 0.797)	+	(0.017 - 0.921) )	/ 2 )
	=	-0.208	/	( ( -0.742	+	-0.904 )	/ 2 )
	=	-0.208	/	-0.823
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

Anglo African Oil & Gas (GREY:AAFGF) 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.

Anglo African Oil & Gas ROCE % Related Terms

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Anglo African Oil & Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anglo African Oil & Gas PLC (GREY:AAFGF) » Definitions » ROCE %

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Address

12 Berkeley Street, London, GBR, W1J 8DT

Website

https://www.aaog.com

Anglo African Oil & Gas PLC is currently seeking new business opportunities, formerly it offered services related to oil exploration to its subsidiary. Its project included Tilapia field an offshore of the Republic of the Congo, located in the Lower Republic of the Congo Basin.

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