Strathcona Resources (STU:YE2) ROCE % : 11.86% (As of Sep. 2024)

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What is Strathcona Resources 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. Strathcona Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.86%.

Strathcona Resources ROCE % Historical Data

The historical data trend for Strathcona Resources'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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Strathcona Resources ROCE % Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

ROCE %

13.86

12.26

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial				19.55	33.30	8.87	14.91	11.86

Strathcona Resources ROCE % Calculation

Strathcona Resources'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 )
	=	735.664	/	( ( (6368.265 - 815.794)	+	(7174.759 - 729.102) )	/ 2 )
	=	735.664	/	( (5552.471	+	6445.657)	/ 2 )
	=	735.664	/	5999.064
	=	12.26 %

Strathcona Resources'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 )
	=	780.076	/	( ( (7233.321 - 611.561)	+	(7092.598 - 555.127) )	/ 2 )
	=	780.076	/	( ( 6621.76	+	6537.471 )	/ 2 )
	=	780.076	/	6579.6155
	=	11.86 %

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

Strathcona Resources (STU:YE2) 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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Strathcona Resources Business Description

Industry

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Traded in Other Exchanges

STHRF:USA SCR:Canada

Address

421 7th Avenue South west, Suite 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. It has three segments Cold Lake Thermal, which includes three producing assets in the Cold Lake region of Northern Alberta: Lindbergh, Orion, and Tucker; Lloydminster Heavy Oil which has multiple large oil-in-place reservoirs accessed through enhanced oil recovery techniques and thermal steam-assisted gravity drainage (SAGD), primarily located in Southwest Saskatchewan; and Montney which includes assets in the Northwest Alberta Kakwa and Grande Prairie regions and the Northeast British Columbia Groundbirch region.

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