ECA Marcellus Trust I (ECA Marcellus Trust I) ROCE % : 15.35% (As of Dec. 2023)

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What is ECA Marcellus Trust I 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. ECA Marcellus Trust I's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.35%.

ECA Marcellus Trust I ROCE % Historical Data

The historical data trend for ECA Marcellus Trust I'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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ECA Marcellus Trust I ROCE % Chart

ECA Marcellus Trust I Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.68

0.87

28.88

65.59

10.09

ECA Marcellus Trust I Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															58.31	20.72	0.71	3.50	15.35

ECA Marcellus Trust I ROCE % Calculation

ECA Marcellus Trust I'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 )
	=	1.475	/	( ( (17.179 - 2.187)	+	(14.761 - 0.524) )	/ 2 )
	=	1.475	/	( (14.992	+	14.237)	/ 2 )
	=	1.475	/	14.6145
	=	10.09 %

ECA Marcellus Trust I'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 )
	=	2.2	/	( ( (14.53 - 0.107)	+	(14.761 - 0.524) )	/ 2 )
	=	2.2	/	( ( 14.423	+	14.237 )	/ 2 )
	=	2.2	/	14.33
	=	15.35 %

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

ECA Marcellus Trust I (OTCPK:ECTM) 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.

ECA Marcellus Trust I ROCE % Related Terms

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ECA Marcellus Trust I (ECA Marcellus Trust I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ECA Marcellus Trust I (OTCPK:ECTM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, 16th Floor, Houston, TX, USA, 77002

Website

https://ect.q4web.com

ECA Marcellus Trust I is a statutory trust which owns royalty interests in natural gas properties. The underlying properties of the company include working interests owned by Energy Corporation of America and the Private Investors in the Marcellus Shale formation in Greene County, Pennsylvania arising under leases and farm-out agreements related to properties.

Executives

Energy Corp Of America

10 percent owner

4643 SOUTH ULSTER STREET, SUITE 1100, DENVER CO 80237

ECA Marcellus Trust I (ECA Marcellus Trust I) Headlines

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