Clontarf Energy (LSE:CLON) ROCE % : 0.00% (As of Jun. 2023)

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

Clontarf Energy ROCE % Historical Data

The historical data trend for Clontarf 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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Clontarf Energy ROCE % Chart

Clontarf Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-157.86

-490.32

Clontarf Energy 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															-	-	-	-	-

Clontarf Energy ROCE % Calculation

Clontarf Energy's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.668	/	( ( (1.214 - 1.486)	+	(1.8 - 3.027) )	/ 2 )
	=	-0.668	/	( (-0.272	+	-1.227)	/ 2 )
	=	-0.668	/	-0.7495
	=	89.13 %

Clontarf 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 )
	=	-0.576	/	( ( (1.8 - 3.027)	+	(2.137 - 1.512) )	/ 2 )
	=	-0.576	/	( ( -1.227	+	0.625 )	/ 2 )
	=	-0.576	/	-0.301
	=	0 %

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

Clontarf Energy (LSE:CLON) 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.

Clontarf Energy ROCE % Related Terms

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Clontarf Energy (LSE:CLON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Clontarf Energy PLC (LSE:CLON) » Definitions » ROCE %

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Address

162, Clontarf Road, Suite 1, 7th Floor, Dublin 3, IRL, D03 F6Y0

Website

https://www.clontarfenergy.com

Clontarf Energy PLC is engaged in oil and gas exploration and production company focused on Africa and South America. Apparently, the company is organized into three segments: Bolivia, Ghana, and Australia.

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