Concho Resources (FRA:KIJ) ROCE % : 0.29% (As of Sep. 2020)

View and export this data going back to 2007. Start your Free Trial

What is Concho Resources 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. Concho Resources's annualized ROCE % for the quarter that ended in Sep. 2020 was 0.29%.

Concho Resources ROCE % Historical Data

The historical data trend for Concho Resources'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.

* Premium members only.

Concho Resources ROCE % Chart

Concho Resources Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

Get a 7-Day Free Trial

2.93

-18.53

8.11

16.41

-2.81

Concho Resources Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial															13.69	-9.16	-240.13	-16.95	0.29

Concho Resources ROCE % Calculation

Concho Resources's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-606.6	/	( ( (23112.426 - 1191.924)	+	(22258.8 - 1063.8) )	/ 2 )
	=	-606.6	/	( (21920.502	+	21195)	/ 2 )
	=	-606.6	/	21557.751
	=	-2.81 %

Concho Resources's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	30.564	/	( ( (11348.64 - 674.88)	+	(10643.913 - 591.753) )	/ 2 )
	=	30.564	/	( ( 10673.76	+	10052.16 )	/ 2 )
	=	30.564	/	10362.96
	=	0.29 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

Concho Resources (FRA:KIJ) 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.

Concho Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Concho Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Concho Resources (FRA:KIJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Concho Resources Inc (FRA:KIJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 West Illinois Avenue, One Concho Center, Midland, TX, USA, 79701

Website

https://www.concho.com

Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At the end of 2019, it reported proved reserves of 1.0 billion barrels of oil equivalent. Net production averaged about 331 thousand boe per day in 2018, of which 63% was oil (with natural gas and natural gas liquids making up the remainder).

Concho Resources (FRA:KIJ) Headlines

No Headlines