Lakes Blue Energy NL (Lakes Blue Energy NL) ROCE % : -21.44% (As of Dec. 2022)

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What is Lakes Blue Energy NL 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. Lakes Blue Energy NL's annualized ROCE % for the quarter that ended in Dec. 2022 was -21.44%.

Lakes Blue Energy NL ROCE % Historical Data

The historical data trend for Lakes Blue Energy NL'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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Lakes Blue Energy NL ROCE % Chart

Lakes Blue Energy NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-21.09

-0.22

-13.26

-79.48

-14.09

Lakes Blue Energy NL Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-21.07	-4.24	-156.27	-21.44	-14.54

Lakes Blue Energy NL ROCE % Calculation

Lakes Blue Energy NL's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.047	/	( ( (11.926 - 6.641)	+	(10.633 - 1.055) )	/ 2 )
	=	-1.047	/	( (5.285	+	9.578)	/ 2 )
	=	-1.047	/	7.4315
	=	-14.09 %

Lakes Blue Energy NL's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-1.064	/	( ( (11.926 - 6.641)	+	(11.252 - 6.611) )	/ 2 )
	=	-1.064	/	( ( 5.285	+	4.641 )	/ 2 )
	=	-1.064	/	4.963
	=	-21.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Lakes Blue Energy NL (OTCPK:LKOLF) 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.

Lakes Blue Energy NL ROCE % Related Terms

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Lakes Blue Energy NL (Lakes Blue Energy NL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lakes Blue Energy NL (OTCPK:LKOLF) » Definitions » ROCE %

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Address

24-26 Kent Street, Millers Point, NSW, AUS, 2000

Website

https://lakesblueenergy.com.au

Lakes Blue Energy NL is engaged in the operation and exploration of oil and gas reserves principally in Australia on-shore (Victoria, South Australia, and Queensland), Papua New Guinea (PNG), and the United States of America (USA).

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