Pine Cliff Energy (TSX:PNE) ROCE % : -3.79% (As of Mar. 2024)

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What is Pine Cliff 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. Pine Cliff Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.79%.

Pine Cliff Energy ROCE % Historical Data

The historical data trend for Pine Cliff 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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Pine Cliff Energy ROCE % Chart

Pine Cliff Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.28

-16.23

12.05

37.22

0.88

Pine Cliff 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															8.18	-0.44	5.72	-8.73	-3.79

Pine Cliff Energy ROCE % Calculation

Pine Cliff 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 )
	=	3.315	/	( ( (375.053 - 37.542)	+	(477.072 - 64.501) )	/ 2 )
	=	3.315	/	( (337.511	+	412.571)	/ 2 )
	=	3.315	/	375.041
	=	0.88 %

Pine Cliff 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 )
	=	-14.944	/	( ( (477.072 - 64.501)	+	(445.631 - 68.562) )	/ 2 )
	=	-14.944	/	( ( 412.571	+	377.069 )	/ 2 )
	=	-14.944	/	394.82
	=	-3.79 %

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

Pine Cliff Energy (TSX:PNE) 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.

Pine Cliff Energy ROCE % Related Terms

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Pine Cliff Energy (TSX:PNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pine Cliff Energy Ltd (TSX:PNE) » Definitions » ROCE %

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PIFYF:USA

Address

1015 - 4th Street South West, Suite 850, Calgary, AB, CAN, T2R 1J4

Website

http://www.pinecliffenergy.com

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.

Executives

Calvin Blain Jacober

Director

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