Terrace Energy (Terrace Energy) ROCE % : -36.31% (As of Jan. 2024)

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What is Terrace 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. Terrace Energy's annualized ROCE % for the quarter that ended in Jan. 2024 was -36.31%.

Terrace Energy ROCE % Historical Data

The historical data trend for Terrace 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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Terrace Energy ROCE % Chart

Terrace Energy Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-110.46

-34.50

-22.71

Terrace Energy Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-35.70	-14.98	-18.82	-17.53	-36.31

Terrace Energy ROCE % Calculation

Terrace Energy's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-0.083	/	( ( (0.423 - 0.016)	+	(0.343 - 0.019) )	/ 2 )
	=	-0.083	/	( (0.407	+	0.324)	/ 2 )
	=	-0.083	/	0.3655
	=	-22.71 %

Terrace Energy's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.124	/	( ( (0.379 - 0.02)	+	(0.343 - 0.019) )	/ 2 )
	=	-0.124	/	( ( 0.359	+	0.324 )	/ 2 )
	=	-0.124	/	0.3415
	=	-36.31 %

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

Terrace Energy (OTCPK:TCRRF) 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.

Terrace Energy ROCE % Related Terms

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Terrace Energy (Terrace Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Terrace Energy Corp (OTCPK:TCRRF) » Definitions » ROCE %

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2TR:Germany TZR.H:Canada

Address

1424 Commercial Drive, PO Box 21546, Vancouver, BC, CAN, V5L 5G2

Website

https://www.terraceenergy.net

Terrace Energy Corp is an oil and gas company. It is engaged in acquiring, exploring, and developing unconventional onshore oil and gas properties in the United States. The group holds an interest in the Maverick County Project.

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