PTRVF (Avila Energy) ROCE % : -15.54% (As of Jun. 2024)

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What is Avila Energy 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. Avila Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was -15.54%.

Avila Energy ROCE % Historical Data

The historical data trend for Avila Energy'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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Avila Energy ROCE % Chart

Avila Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-29.45

-80.67

-45.16

-89.08

-48.06

Avila Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-9.45	-11.53	-148.33	-12.43	-15.54

Avila Energy ROCE % Calculation

Avila Energy'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 )
	=	-12.376	/	( ( (34.395 - 4.845)	+	(26.71 - 4.762) )	/ 2 )
	=	-12.376	/	( (29.55	+	21.948)	/ 2 )
	=	-12.376	/	25.749
	=	-48.06 %

Avila Energy'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-3.232	/	( ( (26.021 - 4.966)	+	(25.225 - 4.696) )	/ 2 )
	=	-3.232	/	( ( 21.055	+	20.529 )	/ 2 )
	=	-3.232	/	20.792
	=	-15.54 %

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

Avila Energy (OTCPK:PTRVF) 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.

Avila Energy ROCE % Related Terms

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Avila Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avila Energy Corp (OTCPK:PTRVF) » Definitions » ROCE %

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6HQ0:Germany VIK:Canada

Address

1439 17th Avenue SE, Suite 201, Calgary, AB, CAN, T2G 1J9

Website

https://www.avilaenergy.com

Avila Energy Corp is a producer, explorer, and developer of energy in Canada. The company generates revenue from the sale of commodities, which primarily consist of natural gas.