Heritage Oil (LSE:0PZU) ROCE % : 4.19% (As of Dec. 2013)

View and export this data going back to . Start your Free Trial

What is Heritage 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. Heritage Oil's annualized ROCE % for the quarter that ended in Dec. 2013 was 4.19%.

Heritage Oil ROCE % Historical Data

The historical data trend for Heritage 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.

* Premium members only.

Heritage Oil ROCE % Chart

Heritage Oil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

Get a 7-Day Free Trial

-7.24

-4.68

-5.38

3.96

4.19

Heritage Oil Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
ROCE %	Get a 7-Day Free Trial												-7.24	-4.68	-5.38	3.96	4.19

Heritage Oil ROCE % Calculation

Heritage Oil's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	74.89	/	( ( (2245 - 443.382)	+	(1994.541 - 223.069) )	/ 2 )
	=	74.89	/	( (1801.618	+	1771.472)	/ 2 )
	=	74.89	/	1786.545
	=	4.19 %

Heritage Oil's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2013 )		(Q: Dec. 2012 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Dec. 2012 )		(Q: Dec. 2013 )
	=	74.89	/	( ( (2245 - 443.382)	+	(1994.541 - 223.069) )	/ 2 )
	=	74.89	/	( ( 1801.618	+	1771.472 )	/ 2 )
	=	74.89	/	1786.545
	=	4.19 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2013) EBIT data.

Heritage Oil (LSE:0PZU) 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.

Heritage Oil ROCE % Related Terms

Thank you for viewing the detailed overview of Heritage Oil's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Heritage Oil (LSE:0PZU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Heritage Oil PLC (LSE:0PZU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.heritageoilplc.com

Heritage Oil PLC was incorporated under the Jersey Companies Law on 6 February 2008 as Heritage Oil Limited. The Company changed its name to Heritage Oil Plc on 18 June 2009. The Company is an independent international oil and gas company. The Company is engaged in the exploration, development and production of petroleum and natural gas in Africa, the Middle East and Russia. The Company has exploration projects in Nigeria, Russia, Tanzania, Papua New Guinea, Malta, Pakistan and Libya. The Company has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.

Heritage Oil (LSE:0PZU) Headlines

No Headlines