Atlantic Petroleum P/F (LTS:0OF9) ROCE % : 0.00% (As of Sep. 2024)

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What is Atlantic Petroleum P/F 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. Atlantic Petroleum P/F's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Atlantic Petroleum P/F ROCE % Historical Data

The historical data trend for Atlantic Petroleum P/F'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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Atlantic Petroleum P/F ROCE % Chart

Atlantic Petroleum P/F Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-66.99

-2,054.34

Atlantic Petroleum P/F Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Atlantic Petroleum P/F ROCE % Calculation

Atlantic Petroleum P/F'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 )
	=	-20.722	/	( ( (53.178 - 127.893)	+	(26.002 - 118.242) )	/ 2 )
	=	-20.722	/	( (-74.715	+	-92.24)	/ 2 )
	=	-20.722	/	-83.4775
	=	24.82 %

Atlantic Petroleum P/F's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-8.98	/	( ( (25.052 - 113.857)	+	(19.879 - 111.496) )	/ 2 )
	=	-8.98	/	( ( -88.805	+	-91.617 )	/ 2 )
	=	-8.98	/	-90.211
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Atlantic Petroleum P/F (LTS:0OF9) 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.

Atlantic Petroleum P/F ROCE % Related Terms

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Atlantic Petroleum P/F Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atlantic Petroleum P/F (LTS:0OF9) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ATLA DKK:Denmark B3W:Germany

Address

Lucas Debesargota 8, P.O. Box 1228, Torshavn, FRO, FO-110

Website

https://www.petroleum.fo

Atlantic Petroleum P/F is engaged in the production and sale of hydrocarbons. Geographically, the company operates in four regional segments; Faroe Islands, United Kingdom, Norway, and Others.

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