Seacrest Petroleo Bermuda (FRA:Z2UA) ROCE % : -15.59% (As of Sep. 2024)

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What is Seacrest Petroleo Bermuda 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. Seacrest Petroleo Bermuda's annualized ROCE % for the quarter that ended in Sep. 2024 was -15.59%.

Seacrest Petroleo Bermuda ROCE % Historical Data

The historical data trend for Seacrest Petroleo Bermuda'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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Seacrest Petroleo Bermuda ROCE % Chart

Seacrest Petroleo Bermuda Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-89.51

-13.81

-70.56

-12.80

Seacrest Petroleo Bermuda Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									-21.48	14.38	-1.76	-5.09	-15.59

Seacrest Petroleo Bermuda ROCE % Calculation

Seacrest Petroleo Bermuda'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 )
	=	-52.397	/	( ( (205.071 - 36.369)	+	(743.927 - 93.812) )	/ 2 )
	=	-52.397	/	( (168.702	+	650.115)	/ 2 )
	=	-52.397	/	409.4085
	=	-12.80 %

Seacrest Petroleo Bermuda's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-80.704	/	( ( (698.828 - 166.509)	+	(685.495 - 182.514) )	/ 2 )
	=	-80.704	/	( ( 532.319	+	502.981 )	/ 2 )
	=	-80.704	/	517.65
	=	-15.59 %

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

Seacrest Petroleo Bermuda (FRA:Z2UA) 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.

Seacrest Petroleo Bermuda ROCE % Related Terms

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Seacrest Petroleo Bermuda Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seacrest Petroleo Bermuda Ltd (FRA:Z2UA) » Definitions » ROCE %

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Traded in Other Exchanges

SEAPT:Norway

Address

99 Front Street, Hamilton, BMU, HM 12

Website

https://www.seacrestpetroleo.com

Seacrest Petroleo Bermuda Ltd is an oil and gas exploration group. The Group is engaged in oil and gas exploration, development, production, and trade activities. It has a single operating segment, which consists of oil and gas exploration and production (E&P).

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