Baytex Energy (TSX:BTE) ROCE % : 3.98% (As of Dec. 2024)

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What is Baytex 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. Baytex Energy's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.98%.

Baytex Energy ROCE % Historical Data

The historical data trend for Baytex 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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Baytex Energy ROCE % Chart

Baytex Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-56.08

46.38

20.86

-6.09

8.22

Baytex Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-39.23	3.26	10.62	15.10	3.98

Baytex Energy ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	579.394	/	( ( (7460.931 - 558.023)	+	(7759.745 - 573.726) )	/ 2 )
	=	579.394	/	( (6902.908	+	7186.019)	/ 2 )
	=	579.394	/	7044.4635
	=	8.22 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	281.56	/	( ( (7614.157 - 645.816)	+	(7759.745 - 573.726) )	/ 2 )
	=	281.56	/	( ( 6968.341	+	7186.019 )	/ 2 )
	=	281.56	/	7077.18
	=	3.98 %

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

Baytex Energy (TSX:BTE) 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.

Baytex Energy ROCE % Related Terms

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Baytex Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Baytex Energy Corp (TSX:BTE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BTE:USA B5X:Germany B5X:Germany

Address

2800, 520 - 3rd Avenue SW, Centennial Place, East Tower, Calgary, AB, CAN, T2P 0R3

Website

https://www.baytexenergy.com

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.

Executives

Nicole Marie Frechette	Senior Officer
Stephen David Lile Reynish	Director
James Robert Maclean	Senior Officer
Eric Thomas Greager	Senior Officer
Mark Bly	Director
Tiffany Thom Cepak	Director
Angela S. Lekatsas	Director
Brian Gordon Ector	Senior Officer
Chad Lundberg	Senior Officer
Kendall Douglas Arthur	Senior Officer
Chadwick Kalmakoff	Senior Officer
Edward David Lafehr	Senior Officer
Jennifer Maki	Director
Trudy Marie Curran	Director
Jason Jowill Jaskela	Senior Officer