Coro Energy (STU:8YY) ROCE % : -27.53% (As of Jun. 2023)

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What is Coro 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. Coro Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was -27.53%.

Coro Energy ROCE % Historical Data

The historical data trend for Coro 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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Coro Energy ROCE % Chart

Coro Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-28.44

-22.23

-18.17

-31.57

-58.68

Coro Energy Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial												-22.16	-	-33.34	-23.01	-27.53

Coro Energy ROCE % Calculation

Coro Energy'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 )
	=	-4.345	/	( ( (26.923 - 31.817)	+	(29.389 - 9.687) )	/ 2 )
	=	-4.345	/	( (-4.894	+	19.702)	/ 2 )
	=	-4.345	/	7.404
	=	-58.68 %

Coro Energy's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.522	/	( ( (29.389 - 9.687)	+	(28.904 - 37.548) )	/ 2 )
	=	-1.522	/	( ( 19.702	+	-8.644 )	/ 2 )
	=	-1.522	/	5.529
	=	-27.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Coro Energy (STU:8YY) 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.

Coro Energy ROCE % Related Terms

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Coro Energy (STU:8YY) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coro Energy PLC (STU:8YY) » Definitions » ROCE %

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CORO:UK

Address

1 Park Row, c/o Pinsent Masons LLP, Leeds, GBR, LS1 5AB

Website

https://www.coroenergyplc.com

Coro Energy PLC is an oil and gas exploration company focused on delivering long-term production of natural gas. The company has two business units namely Exploration and Development and Production. It generates maximum revenue from the Development and Production segment. The company has four gas fields, namely Sillaro, Bezzecca, Rapagnano, and Casa Tiberi.

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