Ring Energy (FRA:KWE1) ROCE % : 5.55% (As of Dec. 2024)

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What is Ring 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. Ring Energy's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.55%.

Ring Energy ROCE % Historical Data

The historical data trend for Ring 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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Ring Energy ROCE % Chart

Ring Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-29.72

3.01

20.06

12.29

10.43

Ring Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															24.03	5.48	12.70	16.25	5.55

Ring Energy ROCE % Calculation

Ring Energy's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	125.318	/	( ( (1262.247 - 104.362)	+	(1344.735 - 100.31) )	/ 2 )
	=	125.318	/	( (1157.885	+	1244.425)	/ 2 )
	=	125.318	/	1201.155
	=	10.43 %

Ring Energy's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	67.132	/	( ( (1261.188 - 87.93)	+	(1344.735 - 100.31) )	/ 2 )
	=	67.132	/	( ( 1173.258	+	1244.425 )	/ 2 )
	=	67.132	/	1208.8415
	=	5.55 %

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

Ring Energy (FRA:KWE1) 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.

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Ring Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ring Energy Inc (FRA:KWE1) » Definitions » ROCE %

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REI:USA

Address

1725 Hughes Landing Boulevard, Suite 900, The Woodlands, TX, USA, 77380

Website

https://www.ringenergy.com

Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquid rich producing formations in the Northwest Shelf, the Central Basin Platform and the Delaware Basin all of which are part of the Permian Basin in Texas.

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