CHK Oil (HKSE:00632) ROCE % : -7.08% (As of Jun. 2024)

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What is CHK Oil 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. CHK Oil's annualized ROCE % for the quarter that ended in Jun. 2024 was -7.08%.

CHK Oil ROCE % Historical Data

The historical data trend for CHK Oil'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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CHK Oil ROCE % Chart

CHK Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-113.16

7.31

43.73

1.85

-12.21

CHK Oil Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															6.10	-2.47	-2.94	-21.61	-7.08

CHK Oil ROCE % Calculation

CHK Oil'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 )
	=	-59.03	/	( ( (553.498 - 38.101)	+	(533.042 - 81.167) )	/ 2 )
	=	-59.03	/	( (515.397	+	451.875)	/ 2 )
	=	-59.03	/	483.636
	=	-12.21 %

CHK Oil'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 )
	=	-24.482	/	( ( (533.042 - 81.167)	+	(324.375 - 84.346) )	/ 2 )
	=	-24.482	/	( ( 451.875	+	240.029 )	/ 2 )
	=	-24.482	/	345.952
	=	-7.08 %

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

CHK Oil (HKSE:00632) 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.

CHK Oil ROCE % Related Terms

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CHK Oil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CHK Oil Ltd (HKSE:00632) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 132 Nathan Road, Units 2617-18, 26th Floor, Mira Place Tower A, Kowloon, Tsim Sha Tsui, Hong Kong, HKG

Website

https://www.chkoilltd.com

CHK Oil Ltd is principally engaged in the investment holding, exploring, exploiting and sale of oil and natural gas, and trading of oil, oil-related and other products. The group holds an exploitation interest in the Utah Gas and Oil Field Project located in Utah in the United States of America. The Group is principally engaged in oil and gas sales; and trading of oil and oil-related and other products. It has a business presence in Hong Kong, the PRC and the United states, of which key revenue is derived from the PRC.

Executives

Xin Hua Petroleum (hong Kong) Limited	2101 Beneficial owner
Yu Zhibo	2201 Interest of corporation controlled by you
Chen Junyan	2201 Interest of corporation controlled by you
So Kuen Kwok	2101 Beneficial owner
Mid-east Petroleum Group Ltd	2101 Beneficial owner

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