Callon Petroleum Co (STU:CE51) ROCE % : 14.81% (As of Dec. 2023)

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What is Callon Petroleum Co 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. Callon Petroleum Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.81%.

Callon Petroleum Co ROCE % Historical Data

The historical data trend for Callon Petroleum Co'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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Callon Petroleum Co ROCE % Chart

Callon Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.10

-42.15

8.12

23.77

6.32

Callon Petroleum Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															19.07	14.48	-14.74	10.90	14.81

Callon Petroleum Co ROCE % Calculation

Callon Petroleum Co'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 )
	=	348.376	/	( ( (6125.115 - 663.456)	+	(6154.423 - 593.264) )	/ 2 )
	=	348.376	/	( (5461.659	+	5561.159)	/ 2 )
	=	348.376	/	5511.409
	=	6.32 %

Callon Petroleum Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	826.64	/	( ( (6304.626 - 702.558)	+	(6154.423 - 593.264) )	/ 2 )
	=	826.64	/	( ( 5602.068	+	5561.159 )	/ 2 )
	=	826.64	/	5581.6135
	=	14.81 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Callon Petroleum Co (STU:CE51) 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.

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Callon Petroleum Co (STU:CE51) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Callon Petroleum Co (STU:CE51) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CPE:USA CPE:Mexico CE51:Germany

Address

2000 W. Sam Houston Parkway South, Suite 2000, One Briarlake Plaza, Houston, TX, USA, 77042

Website

https://www.callon.com

Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas. Activities are primarily conducted in the Permian Basin region of West Texas and southeastern New Mexico. Callon relies heavily on the latest horizontal production techniques to extract hydrocarbon products from its assets, with crude oil accounting for over half of production. Historically, a handful of marketing and trading companies have accounted for the majority of the sales for Callon's oil and gas production. Assets are acquired through the drilling of emerging zones on existing acreage but also by acquiring additional locations through leasehold purchases, leasing programs, joint ventures, and asset swaps.

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