Oil and Gas Exploration and Production AD (LTS:0OMR) ROCE % : 3.92% (As of Dec. 2022)

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What is Oil and Gas Exploration and Production AD 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. Oil and Gas Exploration and Production AD's annualized ROCE % for the quarter that ended in Dec. 2022 was 3.92%.

Oil and Gas Exploration and Production AD ROCE % Historical Data

The historical data trend for Oil and Gas Exploration and Production AD'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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Oil and Gas Exploration and Production AD ROCE % Chart

Oil and Gas Exploration and Production AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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4.26

4.74

1.45

1.74

3.92

Oil and Gas Exploration and Production AD Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial									4.26	4.74	1.45	1.74	3.92

Oil and Gas Exploration and Production AD ROCE % Calculation

Oil and Gas Exploration and Production AD's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	3.627	/	( ( (114.018 - 22.76)	+	(116.645 - 23.002) )	/ 2 )
	=	3.627	/	( (91.258	+	93.643)	/ 2 )
	=	3.627	/	92.4505
	=	3.92 %

Oil and Gas Exploration and Production AD's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	3.627	/	( ( (114.018 - 22.76)	+	(116.645 - 23.002) )	/ 2 )
	=	3.627	/	( ( 91.258	+	93.643 )	/ 2 )
	=	3.627	/	92.4505
	=	3.92 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Oil and Gas Exploration and Production AD (LTS:0OMR) 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.

Oil and Gas Exploration and Production AD ROCE % Related Terms

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Oil and Gas Exploration and Production AD (LTS:0OMR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil and Gas Exploration and Production AD (LTS:0OMR) » Definitions » ROCE %

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NGAZ:Bulgaria

Address

2, Stefan Karadja Street, Sofia, BGR, 1080

Website

http://www.ogep-bg.com

Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.

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