Finder Energy Holdings (ASX:FDR) ROCE % : -95.54% (As of Dec. 2023)

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What is Finder Energy Holdings 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. Finder Energy Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -95.54%.

Finder Energy Holdings ROCE % Historical Data

The historical data trend for Finder Energy Holdings'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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Finder Energy Holdings ROCE % Chart

Finder Energy Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-35.12

-101.43

-138.80

Finder Energy Holdings Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-36.69	-1,280.64	-95.54	-70.62

Finder Energy Holdings ROCE % Calculation

Finder Energy Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-5.491	/	( ( (11.2 - 0.611)	+	(10.088 - 9.85) )	/ 2 )
	=	-5.491	/	( (10.589	+	0.238)	/ 2 )
	=	-5.491	/	5.4135
	=	-101.43 %

Finder Energy Holdings'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 )
	=	-3.902	/	( ( (10.088 - 9.85)	+	(8.6 - 0.67) )	/ 2 )
	=	-3.902	/	( ( 0.238	+	7.93 )	/ 2 )
	=	-3.902	/	4.084
	=	-95.54 %

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

Finder Energy Holdings (ASX:FDR) 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.

Finder Energy Holdings ROCE % Related Terms

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Finder Energy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Finder Energy Holdings Ltd (ASX:FDR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-85 South Perth Esplanade, Suite 1, Level 4, South Shore Centre, South Perth, Perth, WA, AUS, 6151

Website

https://www.finderenergy.com

Finder Energy Holdings Ltd is an oil and gas exploration company. It is engaged in oil and gas exploration in two geographic locations which are also its reportable segments; the North West Shelf off the coast of Western Australia and in the North Sea in the United Kingdom. The company generates maximum income from its operations in Australia.

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