TNEYF (Tamarack Valley Energy) ROCE % : 15.25% (As of Sep. 2024)

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What is Tamarack Valley 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. Tamarack Valley Energy's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.25%.

Tamarack Valley Energy ROCE % Historical Data

The historical data trend for Tamarack Valley 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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Tamarack Valley Energy ROCE % Chart

Tamarack Valley Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.67

-36.41

33.81

15.42

6.11

Tamarack Valley Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.65	11.46	-4.58	14.53	15.25

Tamarack Valley Energy ROCE % Calculation

Tamarack Valley 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 )
	=	176.834	/	( ( (3400.59 - 473.273)	+	(3136.649 - 279.793) )	/ 2 )
	=	176.834	/	( (2927.317	+	2856.856)	/ 2 )
	=	176.834	/	2892.0865
	=	6.11 %

Tamarack Valley Energy'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 )
	=	426.132	/	( ( (2939.576 - 136.626)	+	(2951.735 - 167.756) )	/ 2 )
	=	426.132	/	( ( 2802.95	+	2783.979 )	/ 2 )
	=	426.132	/	2793.4645
	=	15.25 %

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

Tamarack Valley Energy (OTCPK:TNEYF) 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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Tamarack Valley Energy Business Description

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Address

525 – 8th Avenue South West, Suite 1700, Calgary, AB, CAN, T2P 1G1.

Website

https://www.tamarackvalley.ca

Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.