Advantage Energy (TSX:AAV) ROCE % : 7.13% (As of Mar. 2024)

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What is Advantage 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. Advantage Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.13%.

Advantage Energy ROCE % Historical Data

The historical data trend for Advantage 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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Advantage Energy ROCE % Chart

Advantage Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.79

-21.64

32.68

23.09

7.71

Advantage Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.90	1.47	8.60	11.86	7.13

Advantage Energy ROCE % Calculation

Advantage 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 )
	=	166	/	( ( (2216.958 - 112.389)	+	(2299.028 - 96.437) )	/ 2 )
	=	166	/	( (2104.569	+	2202.591)	/ 2 )
	=	166	/	2153.58
	=	7.71 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	156.444	/	( ( (2299.028 - 96.437)	+	(2342.176 - 156.723) )	/ 2 )
	=	156.444	/	( ( 2202.591	+	2185.453 )	/ 2 )
	=	156.444	/	2194.022
	=	7.13 %

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

Advantage Energy (TSX:AAV) 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.

Advantage Energy ROCE % Related Terms

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Advantage Energy (TSX:AAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advantage Energy Ltd (TSX:AAV) » Definitions » ROCE %

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AAVVF:USA 9SA0:Germany

Address

440 - 2nd Avenue SW, Suite 2200, Calgary, AB, CAN, T2P 5E9

Website

https://www.advantageog.com

Advantage Energy Ltd is a Canadian energy company primarily engaged in the extraction of natural gas and liquid resources. The company holds over 145,000 net acres of liquids-rich lands throughout Canada. Advantage Energy Ltd focuses on creating low-cost, low-emission Canadian energy for the world. The company sells crude and medium crude oil as well as conventional natural gas and liquid natural gas. Advantage Energy Ltd plans to grow by utilizing areas with high rate of return targets due to the presence of existing infrastructure capability.

Executives

John Larry Festival

Director

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