Oracle Energy (STU:O2EM) ROCE % : 0.00% (As of Dec. 2023)

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What is Oracle 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. Oracle Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Oracle Energy ROCE % Historical Data

The historical data trend for Oracle 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.
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Oracle Energy ROCE % Chart

Oracle Energy Annual Data

Trend

Dec14

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Dec22

Dec23

ROCE %

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-355.56

Oracle Energy 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															-	-	-	-	-

Oracle Energy ROCE % Calculation

Oracle 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 )
	=	-0.237	/	( ( (0.077 - 0.125)	+	(0.006 - 0.437) )	/ 2 )
	=	-0.237	/	( (-0.048	+	-0.431)	/ 2 )
	=	-0.237	/	-0.2395
	=	98.96 %

Oracle Energy'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 )
	=	-0.42	/	( ( (0.06 - 0.242)	+	(0.006 - 0.437) )	/ 2 )
	=	-0.42	/	( ( -0.182	+	-0.431 )	/ 2 )
	=	-0.42	/	-0.3065
	=	0 %

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

Oracle Energy (STU:O2EM) 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.

Oracle Energy ROCE % Related Terms

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Oracle Energy (STU:O2EM) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oracle Energy Corp (STU:O2EM) » Definitions » ROCE %

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OEC.H:Canada

Address

1040 West Georgia Street, Suite 1400, Vancouver, BC, CAN, V6E 4H1

Website

https://www.oracleenergy.com

Oracle Energy Corp is a junior oil and gas development company. It is engaged in acquiring, exploring, and evaluating oil and gas properties and developing these properties further or disposing of them when the evaluation is completed. The company operates in one business segment Oil and gas exploration.

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