Compania Argentina de Comodoro Rivadavia (BUE:COMO) ROCE % : 3.25% (As of Mar. 2024)

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What is Compania Argentina de Comodoro Rivadavia 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. Compania Argentina de Comodoro Rivadavia's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.25%.

Compania Argentina de Comodoro Rivadavia ROCE % Historical Data

The historical data trend for Compania Argentina de Comodoro Rivadavia'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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Compania Argentina de Comodoro Rivadavia ROCE % Chart

Compania Argentina de Comodoro Rivadavia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.84

23.11

6.46

2.28

-4.55

Compania Argentina de Comodoro Rivadavia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-80.54	139.78	-1.99	-21.77	3.25

Compania Argentina de Comodoro Rivadavia ROCE % Calculation

Compania Argentina de Comodoro Rivadavia'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 )
	=	-48.813	/	( ( (1235.356 - 83.823)	+	(1016.693 - 21.076) )	/ 2 )
	=	-48.813	/	( (1151.533	+	995.617)	/ 2 )
	=	-48.813	/	1073.575
	=	-4.55 %

Compania Argentina de Comodoro Rivadavia's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	39.62	/	( ( (1016.693 - 21.076)	+	(1461.511 - 21.805) )	/ 2 )
	=	39.62	/	( ( 995.617	+	1439.706 )	/ 2 )
	=	39.62	/	1217.6615
	=	3.25 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Compania Argentina de Comodoro Rivadavia (BUE:COMO) 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.

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Compania Argentina de Comodoro Rivadavia (BUE:COMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Compania Argentina de Comodoro Rivadavia SA (BUE:COMO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

San Martin 66, 5th floor, Office 513, Buenos Aires, ARG

Website

Compania Argentina de Comodoro Rivadavia SA through a mutual agreement with CRI Holding, engages in the management, exploration, and development of the Km 8 Comodoro Rivadia oilfield.

Compania Argentina de Comodoro Rivadavia (BUE:COMO) Headlines

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