88 Energy (LSE:88E) ROCE % : 0.00% (As of Jun. 2023)

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What is 88 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. 88 Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

88 Energy ROCE % Historical Data

The historical data trend for 88 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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88 Energy ROCE % Chart

88 Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-31.49

-24.06

-1.09

-52.88

-9.83

88 Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.79	-107.14	-5.37	-	-

88 Energy ROCE % Calculation

88 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 )
	=	-7.631	/	( ( (73.694 - 0.748)	+	(82.768 - 0.444) )	/ 2 )
	=	-7.631	/	( (72.946	+	82.324)	/ 2 )
	=	-7.631	/	77.635
	=	-9.83 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0	/	( ( (73.694 - 0.748)	+	(0 - 0) )	/ 1 )
	=	0	/	( ( 72.946	+	0 )	/ 1 )
	=	0	/	72.946
	=	0.00 %

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

88 Energy (LSE:88E) 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.

88 Energy ROCE % Related Terms

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88 Energy (LSE:88E) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 88 Energy Ltd (LSE:88E) » Definitions » ROCE %

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EEENF:USA POQ:Germany 88E:Australia

Address

516 Hay Street, Ground Floor, Subiaco, WA, AUS, 6008

Website

https://www.88energy.com

88 Energy Ltd is an upstream oil and gas operations company based in Australia. Its business involves exploring potential oil and natural gas and processing the acquired crude reserves. The company has oil and gas assets located across the United States and Australia. The value of its interests and operatorship in Alaska by far supersedes that of its Australian projects. The company's projects include Project Icewine, Yukon Gold Acreage, and Western Blocks. The company focuses on 1H 2016, which is a high resolution wide-azimuth three dimensional (3D) seismic acquisition. It also focuses on horizontal multi-stage frac and production test or vertical conventional test in its Icewine 2 project.

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