Jadestone Energy (Jadestone Energy) ROCE % : -7.63% (As of Dec. 2023)

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What is Jadestone 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. Jadestone Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.63%.

Jadestone Energy ROCE % Historical Data

The historical data trend for Jadestone 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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Jadestone Energy ROCE % Chart

Jadestone Energy Annual Data

Trend

Aug13

Aug14

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.23

-8.81

-0.50

9.62

-12.62

Jadestone Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Sep15	Mar16	Sep16	Mar17	Sep17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.50	24.54	-4.17	-15.83	-7.63

Jadestone Energy ROCE % Calculation

Jadestone Energy'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 )
	=	-96.332	/	( ( (812.85 - 99.29)	+	(1089.134 - 276.632) )	/ 2 )
	=	-96.332	/	( (713.56	+	812.502)	/ 2 )
	=	-96.332	/	763.031
	=	-12.62 %

Jadestone Energy's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-65.22	/	( ( (1046.065 - 149.294)	+	(1089.134 - 276.632) )	/ 2 )
	=	-65.22	/	( ( 896.771	+	812.502 )	/ 2 )
	=	-65.22	/	854.6365
	=	-7.63 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Jadestone Energy (OTCPK:JDSEF) 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.

Jadestone Energy ROCE % Related Terms

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Jadestone Energy (Jadestone Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jadestone Energy PLC (OTCPK:JDSEF) » Definitions » ROCE %

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JSE:UK 8KW:Germany

Address

3 Anson Road, No. 13-01 Springleaf Tower, Singapore, SGP, 079909

Website

https://www.jadestone-energy.com

Jadestone Energy PLC is an independent oil and gas production and development company focused on the Asia-Pacific region. It owns interests in the Montara project and the Stag oilfield, offshore Western Australia. In addition, it holds exploration and pre-development assets in Vietnam and other parts of Southeast Asia and has executed agreements to acquire the Maari project, offshore New Zealand, and the Lemang PSC, onshore Sumatra, Indonesia. The geographic focus of the business is Australia followed by Southeast Asia.