Buru Energy (ASX:BRU) ROCE % : -47.75% (As of Jun. 2023)

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What is Buru 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. Buru Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was -47.75%.

Buru Energy ROCE % Historical Data

The historical data trend for Buru 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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Buru Energy ROCE % Chart

Buru Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-31.49

-49.05

-26.24

-81.86

-15.35

Buru Energy 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															-23.42	-38.23	-117.91	-47.75	8.19

Buru Energy ROCE % Calculation

Buru Energy'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 )
	=	-4.94	/	( ( (34.132 - 5.533)	+	(39.943 - 4.178) )	/ 2 )
	=	-4.94	/	( (28.599	+	35.765)	/ 2 )
	=	-4.94	/	32.182
	=	-15.35 %

Buru Energy's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-12.28	/	( ( (34.132 - 5.533)	+	(27.547 - 4.715) )	/ 2 )
	=	-12.28	/	( ( 28.599	+	22.832 )	/ 2 )
	=	-12.28	/	25.7155
	=	-47.75 %

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

Buru Energy (ASX:BRU) 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.

Buru Energy ROCE % Related Terms

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Buru Energy (ASX:BRU) Business Description

Industry

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

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BRNGF:USA

Address

16 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.buruenergy.com

Buru Energy Ltd is engaged in oil and gas exploration and production in the Canning Basin in the northwest of Western Australia. The group is divided into two reportable segments: Oil Production segment which includes development and production of the Ungani Oilfield. Exploration segment, the exploration program is focused on prospects along the Ungani oil trend, the Yulleroo area where gas resources have been identified in the Laurel Formation, the Lennard Shelf area including the shut-in Blina and Sundown Oilfields. The other segment is the Energy Transition segment.

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