Orcadian Energy (LSE:ORCA) ROCE % : -33.35% (As of Dec. 2023)

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What is Orcadian 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. Orcadian Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -33.35%.

Orcadian Energy ROCE % Historical Data

The historical data trend for Orcadian 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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Orcadian Energy ROCE % Chart

Orcadian Energy Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-30.84

-24.34

-36.93

-65.24

-33.73

Orcadian Energy Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-76.52	-35.71	-26.98	-51.06	-33.35

Orcadian Energy ROCE % Calculation

Orcadian Energy's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.105	/	( ( (4.634 - 0.554)	+	(4.032 - 1.559) )	/ 2 )
	=	-1.105	/	( (4.08	+	2.473)	/ 2 )
	=	-1.105	/	3.2765
	=	-33.73 %

Orcadian Energy'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 )
	=	-0.872	/	( ( (4.032 - 1.559)	+	(5.22 - 2.464) )	/ 2 )
	=	-0.872	/	( ( 2.473	+	2.756 )	/ 2 )
	=	-0.872	/	2.6145
	=	-33.35 %

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

Orcadian Energy (LSE:ORCA) 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.

Orcadian Energy ROCE % Related Terms

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Orcadian Energy Business Description

Industry

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

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Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.orcadian.energy

Orcadian Energy PLC is a North Sea-focused oil and gas development company. Its key asset is the 100% working interest in the Pilot oilfield. It also holds a 100% interest in licenses P2244, P2320, P2482 and P2516. The company's main country of operation is the United Kingdom and all licences are based in the UK North.

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