United Oil & Gas (LSE:UOG) ROCE % : -40.24% (As of Jun. 2024)

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What is United 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. United Oil & Gas's annualized ROCE % for the quarter that ended in Jun. 2024 was -40.24%.

United Oil & Gas ROCE % Historical Data

The historical data trend for United 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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United Oil & Gas ROCE % Chart

United Oil & Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.28

14.78

29.56

-6.62

-20.94

United Oil & Gas Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial													57.38	-64.16	-9.12	-27.50	-40.24

United Oil & Gas ROCE % Calculation

United Oil & 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 )
	=	-2.921	/	( ( (27.88 - 5.548)	+	(8.082 - 2.515) )	/ 2 )
	=	-2.921	/	( (22.332	+	5.567)	/ 2 )
	=	-2.921	/	13.9495
	=	-20.94 %

United Oil & Gas's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-2.176	/	( ( (8.082 - 2.515)	+	(6.648 - 1.401) )	/ 2 )
	=	-2.176	/	( ( 5.567	+	5.247 )	/ 2 )
	=	-2.176	/	5.407
	=	-40.24 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

United Oil & Gas (LSE:UOG) 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.

United Oil & Gas ROCE % Related Terms

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United Oil & Gas Business Description

Industry

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

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Address

34-43 Lincoln’s Inn Fields, 2nd Floor, London, GBR, WC2A 3PA

Website

https://www.uogplc.com

United Oil & Gas PLC is engaged in the production and development exploration for crude oil petroleum and natural gas. The group operates in three geographic areas - the UK, Europe, Latin America, and Egypt. The Egypt segment generates the maximum revenue.

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