Triangle Energy(Global) (ASX:TEG) ROCE % : 0.00% (As of Dec. 2024)

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What is Triangle Energy(Global) 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. Triangle Energy(Global)'s annualized ROCE % for the quarter that ended in Dec. 2024 was 0.00%.

Triangle Energy(Global) ROCE % Historical Data

The historical data trend for Triangle Energy(Global)'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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Triangle Energy(Global) ROCE % Chart

Triangle Energy(Global) Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-12.95

-14.24

-28.17

4.93

-31.45

Triangle Energy(Global) Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															78.28	-72.18	-22.15	-24.71	-

Triangle Energy(Global) ROCE % Calculation

Triangle Energy(Global)'s annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-3.761	/	( ( (28.826 - 3.646)	+	(18.495 - 19.758) )	/ 2 )
	=	-3.761	/	( (25.18	+	-1.263)	/ 2 )
	=	-3.761	/	11.9585
	=	-31.45 %

Triangle Energy(Global)'s ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-3.54	/	( ( (18.495 - 19.758)	+	(18.664 - 18.934) )	/ 2 )
	=	-3.54	/	( ( -1.263	+	-0.27 )	/ 2 )
	=	-3.54	/	-0.7665
	=	0 %

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

Triangle Energy(Global) (ASX:TEG) 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.

Triangle Energy(Global) ROCE % Related Terms

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Triangle Energy(Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Triangle Energy(Global) Ltd (ASX:TEG) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

100 Havelock Street, Suite 2, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.triangleenergy.com.au

Triangle Energy(Global) Ltd is an oil and gas production and exploration company based in Perth, Western Australia. Its projects include Cliff Head Oil Field; Mount Horner Project; and its exploration permit EP437 in the Perth Basin. It also holds interests in Permit 2628 and Permit 2650, located in the UK North Sea, and has made investments in State Gas Limited. The company derives revenue from the sale of crude oil. Its reportable segments are; WA oil production which derives maximum revenue, and Exploration and corporate. Geographically, it operates in one geographical location Western Australia, and sells its product in Asia.

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