Husky Energy (TSX:HSE.PR.C.PFD) ROCE % : -158.71% (As of Sep. 2020)

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What is Husky 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. Husky Energy's annualized ROCE % for the quarter that ended in Sep. 2020 was -158.71%.

Husky Energy ROCE % Historical Data

The historical data trend for Husky 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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Husky Energy ROCE % Chart

Husky Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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-16.79

4.12

2.39

7.18

-6.57

Husky Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial															5.14	-40.61	-31.38	-4.82	-158.71

Husky Energy ROCE % Calculation

Husky Energy's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-1930	/	( ( (35225 - 4994)	+	(33122 - 4636) )	/ 2 )
	=	-1930	/	( (30231	+	28486)	/ 2 )
	=	-1930	/	29358.5
	=	-6.57 %

Husky Energy's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	-35836	/	( ( (29459 - 2788)	+	(21410 - 2921) )	/ 2 )
	=	-35836	/	( ( 26671	+	18489 )	/ 2 )
	=	-35836	/	22580
	=	-158.71 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

Husky Energy (TSX:HSE.PR.C.PFD) 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.

Husky Energy ROCE % Related Terms

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Husky Energy (TSX:HSE.PR.C.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Husky Energy Inc (TSX:HSE.PR.C.PFD) » Definitions » ROCE %

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Address

707, 8th Avenue S.W, PO Box 6525, Station D, Calgary, AB, CAN, T2P 1H5

Website

https://www.huskyenergy.com

Husky Energy is one of Canada's largest integrated energy companies, operating in western Canada, the United States, and the Asia-Pacific and Atlantic regions. The upstream portfolio includes light and medium crude, heavy crude, bitumen, natural gas liquids, and natural gas. Husky's heavy oil and oil sands production are supported by two integrated downstream and midstream value chains. Production averaged 290,000 barrels of oil equivalent per day in 2019, and Husky estimates that it holds approximately 2.1 billion boe of proven and probable crude oil and natural gas reserves.

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