Great Eastern Energy (LSE:GEEC) ROCE % : 8.14% (As of Mar. 2023)

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What is Great Eastern 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. Great Eastern Energy's annualized ROCE % for the quarter that ended in Mar. 2023 was 8.14%.

Great Eastern Energy ROCE % Historical Data

The historical data trend for Great Eastern 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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Great Eastern Energy ROCE % Chart

Great Eastern Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.56

10.24

5.83

5.84

7.42

Great Eastern Energy Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial															7.12	6.74	4.67	6.66	8.14

Great Eastern Energy ROCE % Calculation

Great Eastern Energy's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	7.559	/	( ( (110.074 - 7.783)	+	(110.137 - 8.566) )	/ 2 )
	=	7.559	/	( (102.291	+	101.571)	/ 2 )
	=	7.559	/	101.931
	=	7.42 %

Great Eastern Energy's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	8.558	/	( ( (117.887 - 9.136)	+	(110.137 - 8.566) )	/ 2 )
	=	8.558	/	( ( 108.751	+	101.571 )	/ 2 )
	=	8.558	/	105.161
	=	8.14 %

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

Great Eastern Energy (LSE:GEEC) 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.

Great Eastern Energy ROCE % Related Terms

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Great Eastern Energy (LSE:GEEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Great Eastern Energy Corp Ltd (LSE:GEEC) » Definitions » ROCE %

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Address

National Highway 8, Signature Towers - A, 14th Floor, South City, Gurugram, HR, IND, 122001

Website

https://www.geecl.com

Great Eastern Energy Corp Ltd is a fully integrated, Indian Coal Bed Methane (CBM) company. It is engaged in exploring, developing, distributing, and marketing CBM gas in India. The company has CBM blocks located at Raniganj (South), West Bengal and in Mannargudi, Tamil Nadu. It is involved in the extraction and sale of CBM /compressed natural gas (CNG) gas in India. The company also holds a petroleum exploration license with Tamil Nadu Government.

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