SNUYF (Serinus Energy) ROCE % : -8.53% (As of Sep. 2024)

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What is Serinus 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. Serinus Energy's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.53%.

Serinus Energy ROCE % Historical Data

The historical data trend for Serinus 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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Serinus Energy ROCE % Chart

Serinus Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.01

-6.85

11.87

6.37

-16.67

Serinus Energy 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															-8.71	-47.82	1.10	-1.73	-8.53

Serinus Energy ROCE % Calculation

Serinus 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 )
	=	-11.274	/	( ( (90.182 - 16.571)	+	(78.574 - 16.926) )	/ 2 )
	=	-11.274	/	( (73.611	+	61.648)	/ 2 )
	=	-11.274	/	67.6295
	=	-16.67 %

Serinus Energy'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 )
	=	-5.232	/	( ( (76.635 - 15.164)	+	(75.623 - 14.379) )	/ 2 )
	=	-5.232	/	( ( 61.471	+	61.244 )	/ 2 )
	=	-5.232	/	61.3575
	=	-8.53 %

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

Serinus Energy (OTCPK:SNUYF) 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.

Serinus Energy ROCE % Related Terms

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Serinus Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Serinus Energy PLC (OTCPK:SNUYF) » Definitions » ROCE %

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SEN:Poland SENX:UK

Address

54 Bath Street, 2nd Floor, The Le Gallais Building, St Helier, JEY, JE1 1FW

Website

https://www.serinusenergy.com

Serinus Energy PLC operates as an oil exploration and development company. The company offers oil and gas production services and it has operations in Romania and Tunisia. The company currently holds three Tunisia concessions: the Sabria concession, the Chouech Es Saida concession, and the Ech Chouech concession. In Romania, it has one of the largest exploration blocks which is the Satu Mare concession.

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