Jersey Oil and Gas (LSE:JOG) ROCE % : -19.47% (As of Dec. 2023)

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What is Jersey Oil and 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. Jersey Oil and Gas's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.47%.

Jersey Oil and Gas ROCE % Historical Data

The historical data trend for Jersey Oil and 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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Jersey Oil and Gas ROCE % Chart

Jersey Oil and Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.97

-13.23

-16.21

-9.86

-19.55

Jersey Oil and Gas 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															-13.75	-7.41	-12.39	-19.57	-19.47

Jersey Oil and Gas ROCE % Calculation

Jersey Oil and Gas'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 )
	=	-5.592	/	( ( (31.242 - 0.775)	+	(27.525 - 0.796) )	/ 2 )
	=	-5.592	/	( (30.467	+	26.729)	/ 2 )
	=	-5.592	/	28.598
	=	-19.55 %

Jersey Oil and Gas's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-5.394	/	( ( (29.583 - 0.9)	+	(27.525 - 0.796) )	/ 2 )
	=	-5.394	/	( ( 28.683	+	26.729 )	/ 2 )
	=	-5.394	/	27.706
	=	-19.47 %

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

Jersey Oil and Gas (LSE:JOG) 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.

Jersey Oil and Gas ROCE % Related Terms

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Jersey Oil and Gas (LSE:JOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jersey Oil and Gas PLC (LSE:JOG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JOG.GB:UK TPC1:Germany

Address

5 St Andrew’s Place, Ground Floor, Channel Islands, St Helier, JEY, JE2 3RP

Website

https://www.jerseyoilandgas.com

Jersey Oil and Gas PLC and its subsidiaries are involved in upstream oil and gas business in the United Kingdom. The company's operating segment includes Oil and gas exploration, appraisal, development and production, in a single geographical location, the North Sea of the United Kingdom.

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