Crown Energy AB (NGM:CRWN) ROCE % : 3.27% (As of Sep. 2023)

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What is Crown Energy AB 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. Crown Energy AB's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.27%.

Crown Energy AB ROCE % Historical Data

The historical data trend for Crown Energy AB'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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Crown Energy AB ROCE % Chart

Crown Energy AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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27.81

24.06

6.44

-5.37

-2.13

Crown Energy AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															23.72	-64.14	-1.00	24.34	3.27

Crown Energy AB ROCE % Calculation

Crown Energy AB'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 )
	=	-16.568	/	( ( (1595.633 - 870.599)	+	(1967.775 - 1137.534) )	/ 2 )
	=	-16.568	/	( (725.034	+	830.241)	/ 2 )
	=	-16.568	/	777.6375
	=	-2.13 %

Crown Energy AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	55.868	/	( ( (3233.986 - 1441.568)	+	(3158.12 - 1537.189) )	/ 2 )
	=	55.868	/	( ( 1792.418	+	1620.931 )	/ 2 )
	=	55.868	/	1706.6745
	=	3.27 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Crown Energy AB (NGM:CRWN) 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.

Crown Energy AB ROCE % Related Terms

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Crown Energy AB (NGM:CRWN) Business Description

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CWE:Germany

Address

Skeppargatan 27, Stockholm, SWE, SE-114 52

Website

http://www.crownenergy.se

Crown Energy AB is a Sweden based oil and gas company. It is principally engaged in the business activity of exploration and production in underexplored areas, initially in Africa and the Middle East. The firm creates value by finding and developing assets in early stages and then introducing oil and gas industry participants to the projects for further development and production. The group has operations in Equatorial Guinea, South Africa, Madagascar, and Iraq.