Caza Oil & Gas (LSE:CAZA) ROCE % : 172.18% (As of Dec. 2015)

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What is Caza Oil & Gas 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. Caza Oil & Gas's annualized ROCE % for the quarter that ended in Dec. 2015 was 172.18%.

Caza Oil & Gas ROCE % Historical Data

The historical data trend for Caza Oil & Gas'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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Caza Oil & Gas ROCE % Chart

Caza Oil & Gas Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROCE %

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-42.94

-32.27

-14.29

-4.50

1.71

Caza Oil & Gas Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
ROCE %	Get a 7-Day Free Trial															32.87	1.21	-17.70	-269.08	172.18

Caza Oil & Gas ROCE % Calculation

Caza Oil & Gas's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	0.589	/	( ( (61.961 - 40.966)	+	(51.943 - 3.864) )	/ 2 )
	=	0.589	/	( (20.995	+	48.079)	/ 2 )
	=	0.589	/	34.537
	=	1.71 %

Caza Oil & Gas's ROCE % of for the quarter that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2015 )		(Q: Sep. 2015 )		(Q: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2015 )		(Q: Sep. 2015 )		(Q: Dec. 2015 )
	=	49.628	/	( ( (41.643 - 32.076)	+	(51.943 - 3.864) )	/ 2 )
	=	49.628	/	( ( 9.567	+	48.079 )	/ 2 )
	=	49.628	/	28.823
	=	172.18 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2015) EBIT data.

Caza Oil & Gas (LSE:CAZA) 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.

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Caza Oil & Gas (LSE:CAZA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Caza Oil & Gas Inc (LSE:CAZA) » Definitions » ROCE %

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Website

http://www.cazapetro.com

Caza Oil & Gas Inc is engaged in the exploration for and the development, production, and acquisition of, petroleum and natural gas reserves. The company primarily focuses on the Permian Basin of Southeast New Mexico and West Texas. Its exploration properties include Gramma Ridge, Gateway, Marathon Road, East Marathon Road, Lennox, Forehand Ranch, Forehand Ranch South, Jazzmaster, and others.

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