Riley Exploration Permian (FRA:T7U) ROCE % : 15.49% (As of Mar. 2024)

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What is Riley Exploration Permian 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. Riley Exploration Permian's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.49%.

Riley Exploration Permian ROCE % Historical Data

The historical data trend for Riley Exploration Permian'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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Riley Exploration Permian ROCE % Chart

Riley Exploration Permian Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Sep21

Dec22

Dec23

ROCE %

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-5.33

-52.48

-19.51

42.26

26.85

Riley Exploration Permian 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															34.81	31.40	10.58	27.28	15.49

Riley Exploration Permian ROCE % Calculation

Riley Exploration Permian'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 )
	=	160.456	/	( ( (486.438 - 72.032)	+	(867.217 - 86.514) )	/ 2 )
	=	160.456	/	( (414.406	+	780.703)	/ 2 )
	=	160.456	/	597.5545
	=	26.85 %

Riley Exploration Permian'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 )
	=	121.488	/	( ( (867.217 - 86.514)	+	(879.857 - 91.776) )	/ 2 )
	=	121.488	/	( ( 780.703	+	788.081 )	/ 2 )
	=	121.488	/	784.392
	=	15.49 %

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

Riley Exploration Permian (FRA:T7U) 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.

Riley Exploration Permian ROCE % Related Terms

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Riley Exploration Permian (FRA:T7U) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Riley Exploration Permian Inc (FRA:T7U) » Definitions » ROCE %

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REPX:USA

Address

29 E. Reno Avenue, Suite 500, Oklahoma City, OK, USA, 73104

Website

https://www.rileypermian.com

Riley Exploration Permian Inc is engaged in the business of exploration for and production of oil and natural gas. The company operations are in Kansas Properties, Tennessee Properties, among others.

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