Houston American Energy (FRA:8H6H) ROCE % : -16.11% (As of Mar. 2024)

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What is Houston American 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. Houston American Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.11%.

Houston American Energy ROCE % Historical Data

The historical data trend for Houston American 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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Houston American Energy ROCE % Chart

Houston American Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-34.09

-60.26

-12.21

-7.24

-15.45

Houston American Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-8.58	-20.38	-12.28	-12.73	-16.11

Houston American Energy ROCE % Calculation

Houston American 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 )
	=	-1.559	/	( ( (11.074 - 0.184)	+	(9.518 - 0.228) )	/ 2 )
	=	-1.559	/	( (10.89	+	9.29)	/ 2 )
	=	-1.559	/	10.09
	=	-15.45 %

Houston American Energy's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.5	/	( ( (9.518 - 0.228)	+	(9.653 - 0.318) )	/ 2 )
	=	-1.5	/	( ( 9.29	+	9.335 )	/ 2 )
	=	-1.5	/	9.3125
	=	-16.11 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Houston American Energy (FRA:8H6H) 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.

Houston American Energy ROCE % Related Terms

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Houston American Energy (FRA:8H6H) Business Description

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HUSA:USA 0A7K:UK

Address

801 Travis Street, Suite 1425, Houston, TX, USA, 77002

Website

https://www.houstonamerican.com

Houston American Energy Corp is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Its properties, and operations, are in the U.S. Permian Basin, the U.S. Gulf Coast region, particularly Texas and Louisiana, and in the South American country of Colombia. The company's an exploration and development projects are focused on existing property interests, and future acquisition of additional property interests, in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. The Company majorly has operations in two geographical areas, the United States and Colombia.

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