Seascape Energy Asia (FRA:8YG) ROCE % : -52.93% (As of Jun. 2024)

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What is Seascape Energy Asia 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. Seascape Energy Asia's annualized ROCE % for the quarter that ended in Jun. 2024 was -52.93%.

Seascape Energy Asia ROCE % Historical Data

The historical data trend for Seascape Energy Asia'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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Seascape Energy Asia ROCE % Chart

Seascape Energy Asia Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-27.66

-36.61

-5.00

-29.18

Seascape Energy Asia Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						-3.51	-3.71	-13.76	-95.39	-52.93

Seascape Energy Asia ROCE % Calculation

Seascape Energy Asia'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 )
	=	-10.8	/	( ( (102.502 - 48.418)	+	(20.978 - 1.038) )	/ 2 )
	=	-10.8	/	( (54.084	+	19.94)	/ 2 )
	=	-10.8	/	37.012
	=	-29.18 %

Seascape Energy Asia's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-6.5	/	( ( (20.978 - 1.038)	+	(6.244 - 1.624) )	/ 2 )
	=	-6.5	/	( ( 19.94	+	4.62 )	/ 2 )
	=	-6.5	/	12.28
	=	-52.93 %

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

Seascape Energy Asia (FRA:8YG) 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.

Seascape Energy Asia ROCE % Related Terms

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Seascape Energy Asia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seascape Energy Asia PLC (FRA:8YG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SEA:UK

Address

One New Change, 5th Floor, London, GBR, EC4M 9AF

Website

https://www.seascape-energy.com

Seascape Energy Asia PLC is an oil and gas exploration and production company. The company focuses on drill-bit, both through infill drilling in existing fields and through near-field exploration drilling. The company's business operations are held in Malaysia.

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