Jura Energy (Jura Energy) ROCE % : -152.40% (As of Dec. 2023)

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What is Jura 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. Jura Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -152.40%.

Jura Energy ROCE % Historical Data

The historical data trend for Jura 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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Jura Energy ROCE % Chart

Jura Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.10

20.30

-24.99

-5.97

-30.94

Jura Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-150.85	49.69	-17.51	-17.75	-152.40

Jura Energy ROCE % Calculation

Jura 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 )
	=	-2.884	/	( ( (32.175 - 19.486)	+	(22.032 - 16.076) )	/ 2 )
	=	-2.884	/	( (12.689	+	5.956)	/ 2 )
	=	-2.884	/	9.3225
	=	-30.94 %

Jura 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-13.596	/	( ( (31.671 - 19.785)	+	(22.032 - 16.076) )	/ 2 )
	=	-13.596	/	( ( 11.886	+	5.956 )	/ 2 )
	=	-13.596	/	8.921
	=	-152.40 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Jura Energy (OTCPK:JECFF) 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.

Jura Energy ROCE % Related Terms

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Jura Energy (Jura Energy) Business Description

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JEC:Canada

Address

144 - 4th Avenue SW, Suite 2100, Calgary, AB, CAN, T2P 3N4

Website

https://www.juraenergy.com

Jura Energy Corp is an upstream oil and gas exploration company. The principal activities of the company are exploration, extraction and production of oil and natural gas. It is organized into two operating segments based on geography, namely oil and gas operations in Pakistan and corporate activities in Canada. The Pakistan segment derives its revenue primarily from the sale of petroleum products in Pakistan.