CanAsia Energy (CanAsia Energy) ROCE % : -87.37% (As of Dec. 2023)

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What is CanAsia Energy 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. CanAsia Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -87.37%.

CanAsia Energy ROCE % Historical Data

The historical data trend for CanAsia Energy'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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CanAsia Energy ROCE % Chart

CanAsia Energy Annual Data

Trend

Dec22

Dec23

ROCE %

-15.74

-53.59

CanAsia Energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-111.27	-73.86	-31.11	-87.37

CanAsia Energy ROCE % Calculation

CanAsia Energy'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 )
	=	-2.733	/	( ( (7.803 - 2.937)	+	(8.469 - 3.136) )	/ 2 )
	=	-2.733	/	( (4.866	+	5.333)	/ 2 )
	=	-2.733	/	5.0995
	=	-53.59 %

CanAsia Energy'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3.408	/	( ( (5.367 - 2.899)	+	(8.469 - 3.136) )	/ 2 )
	=	-3.408	/	( ( 2.468	+	5.333 )	/ 2 )
	=	-3.408	/	3.9005
	=	-87.37 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CanAsia Energy (OTCPK:CECAF) 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.

CanAsia Energy ROCE % Related Terms

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CanAsia Energy (CanAsia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CanAsia Energy Corp (OTCPK:CECAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CEC:Canada

Address

3rd Street SW, Unit 1505, 505, Calgary, AB, CAN, T2P 3E6

Website

https://canasiacorp.com

CanAsia Energy Corp is a Calgary, Alberta-based oil and gas exploration and production company with operations located at Sawn Lake, Alberta.

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