Australis Oil & Gas (ASX:ATS) ROCE % : -3.89% (As of Dec. 2023)

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What is Australis 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. Australis Oil & Gas's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.89%.

Australis Oil & Gas ROCE % Historical Data

The historical data trend for Australis 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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Australis Oil & Gas ROCE % Chart

Australis Oil & Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.09

-78.69

-0.66

2.61

-20.95

Australis Oil & Gas Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										0.30	4.31	0.89	-37.52	-3.89

Australis Oil & Gas ROCE % Calculation

Australis Oil & Gas'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 )
	=	-21.346	/	( ( (133.948 - 19.877)	+	(105.741 - 16.044) )	/ 2 )
	=	-21.346	/	( (114.071	+	89.697)	/ 2 )
	=	-21.346	/	101.884
	=	-20.95 %

Australis Oil & Gas'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 )
	=	-3.574	/	( ( (109.387 - 15.481)	+	(105.741 - 16.044) )	/ 2 )
	=	-3.574	/	( ( 93.906	+	89.697 )	/ 2 )
	=	-3.574	/	91.8015
	=	-3.89 %

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

Australis Oil & Gas (ASX:ATS) 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.

Australis Oil & Gas ROCE % Related Terms

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Australis Oil & Gas (ASX:ATS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Australis Oil & Gas Ltd (ASX:ATS) » Definitions » ROCE %

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Address

215 Hay Street, Ground Floor, Subiaco, WA, AUS, 6008

Website

https://www.australisoil.com

Australis Oil & Gas Ltd engages in oil and gas exploration, development, and production activities. The company operates through Oil & Gas Production, Exploration, and Other segments. The Oil & Gas Production segment earns the majority of revenue.