Gran Tierra Energy (TSX:GTE) ROCE % : 12.80% (As of Sep. 2024)

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What is Gran Tierra 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. Gran Tierra Energy's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.80%.

Gran Tierra Energy ROCE % Historical Data

The historical data trend for Gran Tierra 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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Gran Tierra Energy ROCE % Chart

Gran Tierra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.03

-53.79

7.19

28.80

14.37

Gran Tierra 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															21.74	10.47	11.79	15.17	12.80

Gran Tierra Energy ROCE % Calculation

Gran Tierra 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 )
	=	209.471	/	( ( (1814.426 - 328.267)	+	(1779.349 - 349.157) )	/ 2 )
	=	209.471	/	( (1486.159	+	1430.192)	/ 2 )
	=	209.471	/	1458.1755
	=	14.37 %

Gran Tierra 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 )
	=	209.6	/	( ( (1890.72 - 336.743)	+	(2077.114 - 356.926) )	/ 2 )
	=	209.6	/	( ( 1553.977	+	1720.188 )	/ 2 )
	=	209.6	/	1637.0825
	=	12.80 %

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

Gran Tierra Energy (TSX:GTE) 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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Gran Tierra Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gran Tierra Energy Inc (TSX:GTE) » Definitions » ROCE %

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Address

500 Centre Street South East, Calgary, AB, CAN, T2G 1A6

Website

https://www.grantierra.com

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties. The firm produces light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company derives its revenue from Colombia.

Executives

Ronald William Royal	Director
Ryan Paul Ellson	Senior Officer
Brooke Nelson Wade	Director
Gmt Capital Corp	10% Security Holder
David Paul Smith	Director
Robert Bruce Hodgins	Director