Condor Energies (TSX:CDR) ROCE % : 94.84% (As of Sep. 2024)

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What is Condor Energies 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. Condor Energies's annualized ROCE % for the quarter that ended in Sep. 2024 was 94.84%.

Condor Energies ROCE % Historical Data

The historical data trend for Condor Energies'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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Condor Energies ROCE % Chart

Condor Energies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-35.12

-66.52

-86.69

-41.81

-166.25

Condor Energies 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															-23.33	-347.14	37.82	74.47	94.84

Condor Energies ROCE % Calculation

Condor Energies'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 )
	=	-10.684	/	( ( (10.062 - 2.014)	+	(6.769 - 1.964) )	/ 2 )
	=	-10.684	/	( (8.048	+	4.805)	/ 2 )
	=	-10.684	/	6.4265
	=	-166.25 %

Condor Energies'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 )
	=	21.448	/	( ( (41.114 - 20.265)	+	(53.833 - 29.454) )	/ 2 )
	=	21.448	/	( ( 20.849	+	24.379 )	/ 2 )
	=	21.448	/	22.614
	=	94.84 %

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

Condor Energies (TSX:CDR) 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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Condor Energies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Condor Energies Inc (TSX:CDR) » Definitions » ROCE %

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CNPRF:USA WQ6:Germany

Address

500 - 4th Avenue SW, Suite 1810, Calgary, AB, CAN, T2P 2V6

Website

https://www.condorenergies.ca

Condor Energies Inc is an internationally focused, publicly traded energy company with conventional natural gas and natural gas liquids (condensate) production and sales in Turkey and other energy-related initiatives in Central Asia. It produces gas assets, an ongoing initiative to construct and operate Central Asia's LNG facility, and also focused on gas field redevelopments, It built a foundation for reserve, production, and cashflow growth while striving to minimize environmental footprint. The company operates in Kazakhstan and Uzbekistan. Its segments are Corporate, Kazakhstan, and Turkiye.

Executives