Denbury (Denbury) ROCE % : 16.46% (As of Jun. 2023)

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What is Denbury 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. Denbury's annualized ROCE % for the quarter that ended in Jun. 2023 was 16.46%.

Denbury ROCE % Historical Data

The historical data trend for Denbury'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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Denbury ROCE % Chart

Denbury Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.46

9.28

-65.24

4.28

32.16

Denbury Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															46.91	67.74	19.02	23.02	16.46

Denbury ROCE % Calculation

Denbury's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	559.029	/	( ( (1902.953 - 406.683)	+	(2327.499 - 346.862) )	/ 2 )
	=	559.029	/	( (1496.27	+	1980.637)	/ 2 )
	=	559.029	/	1738.4535
	=	32.16 %

Denbury's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	360.408	/	( ( (2432.063 - 298.948)	+	(2541.619 - 296.726) )	/ 2 )
	=	360.408	/	( ( 2133.115	+	2244.893 )	/ 2 )
	=	360.408	/	2189.004
	=	16.46 %

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

Denbury (OTCPK:DNRCQ) 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.

Denbury ROCE % Related Terms

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Denbury (Denbury) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Denbury Inc (OTCPK:DNRCQ) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

5851 Legacy Circle, Plano, TX, USA, 75024

Website

https://www.denbury.com

Denbury Inc is an independent energy company. Its operations are focused on two key operating areas: the Gulf Coast and Rocky Mountain regions. The company is differentiated by its focus on CO2 EOR and the emerging CCUS industry, supported by the company's CO2 EOR technical and operational expertise and its CO2 pipeline infrastructure. The revenue is generated from oil, natural gas, and related product sales.