New World Oil & Gas (New World Oil & Gas) ROCE % : -31.50% (As of Jun. 2016)

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What is New World 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. New World Oil & Gas's annualized ROCE % for the quarter that ended in Jun. 2016 was -31.50%.

New World Oil & Gas ROCE % Historical Data

The historical data trend for New World 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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New World Oil & Gas ROCE % Chart

New World Oil & Gas Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROCE %

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-72.08

-35.65

-28.89

-34.95

-72.19

New World Oil & Gas Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16
ROCE %	Get a 7-Day Free Trial					-28.39	-32.59	-83.54	-113.84	-31.50

New World Oil & Gas ROCE % Calculation

New World Oil & Gas's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	-2.079	/	( ( (3.858 - 1.031)	+	(3.68 - 0.747) )	/ 2 )
	=	-2.079	/	( (2.827	+	2.933)	/ 2 )
	=	-2.079	/	2.88
	=	-72.19 %

New World Oil & Gas's ROCE % of for the quarter that ended in Jun. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2016 )		(Q: Dec. 2015 )		(Q: Jun. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2016 )		(Q: Dec. 2015 )		(Q: Jun. 2016 )
	=	-0.926	/	( ( (3.68 - 0.747)	+	(3.07 - 0.124) )	/ 2 )
	=	-0.926	/	( ( 2.933	+	2.946 )	/ 2 )
	=	-0.926	/	2.9395
	=	-31.50 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2016) EBIT data.

New World Oil & Gas (OTCPK:NOILF) 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.

New World Oil & Gas ROCE % Related Terms

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New World Oil & Gas (New World Oil & Gas) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New World Oil & Gas PLC (OTCPK:NOILF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Ogier House, 44 Esplanade, St Helier, JEY, JE4 9WG

Website

http://www.nwoilgas.com

New World Oil & Gas PLC is an oil and gas exploration company. The company is engaged in acquiring a diverse portfolio of direct and indirect interests in exploration, development, and production of oil and gas assets that are based in the Americas, Europe and in other areas.

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