BOPFF (Border Petroleum) ROCE % : -11.80% (As of Dec. 2018)

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What is Border Petroleum 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. Border Petroleum's annualized ROCE % for the quarter that ended in Dec. 2018 was -11.80%.

Border Petroleum ROCE % Historical Data

The historical data trend for Border Petroleum'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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Border Petroleum ROCE % Chart

Border Petroleum Annual Data

Trend

Apr09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

ROCE %

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-102.04

-20.89

-49.76

-27.68

-27.93

Border Petroleum Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
ROCE %	Get a 7-Day Free Trial															-31.63	-31.06	-25.30	2.10	-11.80

Border Petroleum ROCE % Calculation

Border Petroleum's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	-1.003	/	( ( (3.829 - 0.423)	+	(4.557 - 0.78) )	/ 2 )
	=	-1.003	/	( (3.406	+	3.777)	/ 2 )
	=	-1.003	/	3.5915
	=	-27.93 %

Border Petroleum's ROCE % of for the quarter that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2018 )		(Q: Sep. 2018 )		(Q: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2018 )		(Q: Sep. 2018 )		(Q: Dec. 2018 )
	=	-0.392	/	( ( (4.383 - 1.023)	+	(4.353 - 1.067) )	/ 2 )
	=	-0.392	/	( ( 3.36	+	3.286 )	/ 2 )
	=	-0.392	/	3.323
	=	-11.80 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

Border Petroleum (OTCPK:BOPFF) 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.

Border Petroleum ROCE % Related Terms

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Border Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Border Petroleum Ltd (OTCPK:BOPFF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

903 - 8th Avenue South West, Suite 900, Calgary, AB, CAN, T2P 0P7

Website

http://www.borderpetroleum.com

Border Petroleum Ltd is a Canada based oil and gas company. It is engaged in the exploration, development, and production of oil and natural gas. Its properties include Norris, Alberta; Cherhill, Alberta; Chip Lake; Blueridge; Mulligan; Tomahawk, Central Alberta; and Conrad, Southeastern Alberta.

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