Conrad Asia Energy (ASX:CRD) ROCE % : -20.20% (As of Jun. 2024)

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What is Conrad Asia 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. Conrad Asia Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was -20.20%.

Conrad Asia Energy ROCE % Historical Data

The historical data trend for Conrad Asia 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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Conrad Asia Energy ROCE % Chart

Conrad Asia Energy Annual Data

Trend

Dec22

Dec23

ROCE %

-43.71

-28.47

Conrad Asia Energy Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-41.86	-15.83	-20.20

Conrad Asia Energy ROCE % Calculation

Conrad Asia 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 )
	=	-14.532	/	( ( (63.059 - 7.443)	+	(53.793 - 7.337) )	/ 2 )
	=	-14.532	/	( (55.616	+	46.456)	/ 2 )
	=	-14.532	/	51.036
	=	-28.47 %

Conrad Asia Energy's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-10.52	/	( ( (53.793 - 7.337)	+	(62.776 - 5.071) )	/ 2 )
	=	-10.52	/	( ( 46.456	+	57.705 )	/ 2 )
	=	-10.52	/	52.0805
	=	-20.20 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Conrad Asia Energy (ASX:CRD) 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.

Conrad Asia Energy ROCE % Related Terms

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Conrad Asia Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Conrad Asia Energy Ltd (ASX:CRD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Quarter Tower A, 15th Floor, Unit H, JI. R.A. Kartini Kav. 8 Cilandak, Jakarta, IDN, 12430

Website

https://www.conradasia.com

Conrad Asia Energy Ltd is engaged in the oil and gas exploration and development business. It's an energy company currently focused on the exploration, appraisal, and development of natural gas projects in Southeast Asia particularly in offshore waters.

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