CNPTF (Central Petroleum) ROCE % : 9.11% (As of Dec. 2024)

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What is Central 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. Central Petroleum's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.11%.

Central Petroleum ROCE % Historical Data

The historical data trend for Central 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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Central Petroleum ROCE % Chart

Central Petroleum Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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8.71

5.94

28.73

-3.61

19.91

Central Petroleum 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															-19.87	13.73	37.21	1.15	9.11

Central Petroleum ROCE % Calculation

Central Petroleum'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 )
	=	11.07	/	( ( (65.86 - 11.372)	+	(68.817 - 12.088) )	/ 2 )
	=	11.07	/	( (54.488	+	56.729)	/ 2 )
	=	11.07	/	55.6085
	=	19.91 %

Central Petroleum'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 )
	=	5.212	/	( ( (68.817 - 12.088)	+	(65.815 - 8.175) )	/ 2 )
	=	5.212	/	( ( 56.729	+	57.64 )	/ 2 )
	=	5.212	/	57.1845
	=	9.11 %

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

Central Petroleum (OTCPK:CNPTF) 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.

Central Petroleum ROCE % Related Terms

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Central Petroleum Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

C9J:Germany CTP:Australia

Address

369 Ann Street, Level 7, Brisbane, QLD, AUS, 4000

Website

https://www.centralpetroleum.com.au

Central Petroleum Ltd is an oil and gas explorer and conventional producer with a focus on supplying the domestic gas market. It is engaged in the development, production, processing, and marketing of hydrocarbons and associated exploration. The company's operating segment includes production; development; and exploration. It generates maximum revenue from the Natural gas production segment. Geographically, the company operates only in Australia.

Central Petroleum Headlines

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