ShaMaran Petroleum (STU:3B8) ROCE % : 9.96% (As of Dec. 2024)

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What is ShaMaran Petroleum 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. ShaMaran Petroleum's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.96%.

ShaMaran Petroleum ROCE % Historical Data

The historical data trend for ShaMaran Petroleum'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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ShaMaran Petroleum ROCE % Chart

ShaMaran Petroleum Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-59.86

87.59

59.85

2.63

27.07

ShaMaran Petroleum Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															8.73	8.75	6.78	78.87	9.96

ShaMaran Petroleum ROCE % Calculation

ShaMaran Petroleum's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	104.981	/	( ( (413.027 - 65.751)	+	(472.425 - 44.096) )	/ 2 )
	=	104.981	/	( (347.276	+	428.329)	/ 2 )
	=	104.981	/	387.8025
	=	27.07 %

ShaMaran Petroleum's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	42.312	/	( ( (437.486 - 16.276)	+	(472.425 - 44.096) )	/ 2 )
	=	42.312	/	( ( 421.21	+	428.329 )	/ 2 )
	=	42.312	/	424.7695
	=	9.96 %

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

ShaMaran Petroleum (STU:3B8) 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.

ShaMaran Petroleum ROCE % Related Terms

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ShaMaran Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ShaMaran Petroleum Corp (STU:3B8) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SHASF:USA SNM:Sweden 0VH4:UK 3B8:Germany SNM:Canada

Address

1055 Dunsmuir Street, Suite 2800, Vancouver, BC, CAN, V7X 1L2

Website

https://www.shamaranpetroleum.com

ShaMaran Petroleum Corp is an oil development and exploration company. It is engaged in the business of extraction and producing oil and gas. Along with its subsidiary, the company has an interest in the Atrush block, Kurdistan Region of Iraq. In addition, the group holds a participating interest in the Sarsang block of the Kurdistan region.

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