FAR (ASX:FAR) ROCE % : -18.38% (As of Jun. 2023)

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What is FAR 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. FAR's annualized ROCE % for the quarter that ended in Jun. 2023 was -18.38%.

FAR ROCE % Historical Data

The historical data trend for FAR'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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FAR ROCE % Chart

FAR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.20

-10.11

-43.54

-14.72

-17.54

FAR 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															-89.86	-13.38	-15.39	-18.38	-4.46

FAR ROCE % Calculation

FAR'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 )
	=	-4.809	/	( ( (52.567 - 1.909)	+	(4.596 - 0.408) )	/ 2 )
	=	-4.809	/	( (50.658	+	4.188)	/ 2 )
	=	-4.809	/	27.423
	=	-17.54 %

FAR'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 )
	=	-8.556	/	( ( (52.567 - 1.909)	+	(45.241 - 2.78) )	/ 2 )
	=	-8.556	/	( ( 50.658	+	42.461 )	/ 2 )
	=	-8.556	/	46.5595
	=	-18.38 %

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

FAR (ASX:FAR) 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.

FAR ROCE % Related Terms

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FAR (ASX:FAR) Business Description

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FARYF:USA

Address

530 Collins Street, Level 12, Melbourne, VIC, AUS, 3000

Website

https://www.far.com.au

FAR Ltd is an independent oil and gas explorer with interests in Australia and Africa. Its projects include Africa, Gambia, Guinea-Bissau, Kenya, and Australia. The company in West Africa has a portfolio of exploration permits, including offshore Senegal, which consists of FAN-1 and SNE-1 exploration wells.

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