IXOG (Index Oil & Gas) ROCE %: 352.67% (As of Mar. 2009)


What is Index Oil & Gas ROCE %?

Index Oil & Gas IXOG -99.86% ROCE % is 352.67% as of Mar. 2009.

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. Index Oil & Gas's annualized ROCE % for the quarter that ended in Mar. 2009 was 352.67%.

Index Oil & Gas  (OTCPK:IXOG) 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.

Index Oil & Gas ROCE % Related Terms

Index Oil & Gas ROCE % Historical Data

* Premium members only.

The historical data trend for Index Oil & Gas'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.

Index Oil & Gas ROCE % Chart

Index Oil & Gas Annual Data
Trend Dec04 Dec05 Mar06 Mar07 Mar08 Mar09
ROCE %
Get a 7-Day Free Trial -501.20 -55.61 -25.35 -14.58 -22.81

Index Oil & Gas Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.93 -11.19 -102.64 -187.23 352.67

Index Oil & Gas ROCE % Calculation

Index Oil & Gas's annualized ROCE % for the fiscal year that ended in Mar. 2009 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2009 )  (A: Mar. 2008 )(A: Mar. 2009 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2009 )  (A: Mar. 2008 )(A: Mar. 2009 )
=-2.4/( ( (16.178 - 1.026) + (6.994 - 1.105) )/ 2 )
=-2.4/( (15.152+5.889)/ 2 )
=-2.4/10.5205
=-22.81 %

Index Oil & Gas's ROCE % of for the quarter that ended in Mar. 2009 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2009 )  (Q: Dec. 2008 )(Q: Mar. 2009 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2009 )  (Q: Dec. 2008 )(Q: Mar. 2009 )
=23.008/( ( (7.492 - 0.333) + (6.994 - 1.105) )/ 2 )
=23.008/( ( 7.159 + 5.889 )/ 2 )
=23.008/6.524
=352.67 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2009) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 352.67% mean?
Index Oil & Gas (IXOG) has a ROCE % of 352.67% as of Mar. 2009.
Is Index Oil & Gas' ROCE % too high?
Index Oil & Gas' current ROCE % is 352.67%. The Oil & Gas industry median ROCE % is 6.79. Index Oil & Gas' value of 352.67% is 5094% above this industry median.
How does Index Oil & Gas' ROCE % compare to FPPP and UNGS?
Index Oil & Gas' ROCE % of 352.67% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Index Oil & Gas' value of 352.67% is 5094% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Index Oil & Gas's current ROCE % of 352.67% is 5094% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Index Oil & Gas's current ROCE % is 352.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index Oil & Gas stock overvalued right now?
Index Oil & Gas (IXOG) has a current ROCE % of 352.67%. The current ROCE % is 352.67% and 5094% above the Oil & Gas industry median of 6.79. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Index Oil & Gas (IXOG), the current ROCE % is 352.67% as of Mar. 2009. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Index Oil & Gas Business Description

Industry EnergyOil & Gas
Address 10000 Memorial Drive, Suite 440, Houston, TX, USA, 77024
Index Oil & Gas Inc is an independent oil and natural gas company engaged in the acquisition, exploration, development, production and sale of oil and natural gas properties. It focuses on prolific petroleum system of the onshore Gulf Coast of Texas and Louisiana.