Delta Oil & Gas (Delta Oil & Gas) ROCE % : -274.09% (As of Sep. 2014)

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What is Delta Oil & Gas 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. Delta Oil & Gas's annualized ROCE % for the quarter that ended in Sep. 2014 was -274.09%.

Delta Oil & Gas ROCE % Historical Data

The historical data trend for Delta Oil & Gas'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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Delta Oil & Gas ROCE % Chart

Delta Oil & Gas Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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-55.68

-32.34

-3.34

-25.75

-104.18

Delta Oil & Gas Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
ROCE %	Get a 7-Day Free Trial															-20.44	-334.14	-187.85	-159.48	-274.09

Delta Oil & Gas ROCE % Calculation

Delta Oil & Gas's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	-1.21	/	( ( (1.767 - 0.047)	+	(1.076 - 0.473) )	/ 2 )
	=	-1.21	/	( (1.72	+	0.603)	/ 2 )
	=	-1.21	/	1.1615
	=	-104.18 %

Delta Oil & Gas's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	-0.492	/	( ( (0.547 - 0.303)	+	(0.357 - 0.242) )	/ 2 )
	=	-0.492	/	( ( 0.244	+	0.115 )	/ 2 )
	=	-0.492	/	0.1795
	=	-274.09 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

Delta Oil & Gas (GREY:DLTA) 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.

Delta Oil & Gas ROCE % Related Terms

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Delta Oil & Gas (Delta Oil & Gas) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Delta Oil & Gas Inc (GREY:DLTA) » Definitions » ROCE %

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Address

700 West Pender Street, Suite 604, Vancouver, BC, CAN, V6C 1G8

Website

http://www.deltaoilandgas.com

Delta Oil & Gas Inc is a part of the energy sector. It is an independent natural gas and oil company engaged in the exploration, development, and acquisition of natural gas and oil properties in the United States and Canada. The Company seeks to acquire and develop properties with undeveloped reserves that are economically attractive to it. Its properties include Texas Prospect, Premont Northwest Field, and King City.

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