GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (TSX:PSK) » Definitions » ROCE %

PrairieSky Royalty (TSX:PSK) ROCE % : 8.62% (As of Sep. 2024)


View and export this data going back to 2014. Start your Free Trial

What is PrairieSky Royalty 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. PrairieSky Royalty's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.62%.


PrairieSky Royalty ROCE % Historical Data

The historical data trend for PrairieSky Royalty'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.

* Premium members only.

PrairieSky Royalty ROCE % Chart

PrairieSky Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.06 1.51 5.42 12.96 9.74

PrairieSky Royalty 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.46 11.25 8.49 11.03 8.62

PrairieSky Royalty ROCE % Calculation

PrairieSky Royalty'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 )
=314.2/( ( (3415.4 - 177.6) + (3307.7 - 96.4) )/ 2 )
=314.2/( (3237.8+3211.3)/ 2 )
=314.2/3224.55
=9.74 %

PrairieSky Royalty'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 )
=259.2/( ( (3260.9 - 249) + (3213.6 - 212.1) )/ 2 )
=259.2/( ( 3011.9 + 3001.5 )/ 2 )
=259.2/3006.7
=8.62 %

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

* 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.


PrairieSky Royalty  (TSX:PSK) 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.


PrairieSky Royalty ROCE % Related Terms

Thank you for viewing the detailed overview of PrairieSky Royalty's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


PrairieSky Royalty Business Description

Traded in Other Exchanges
Address
350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9
PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.
Executives
Anna Marie Alderson Director
Daniel James Bertram Senior Officer
Margaret Anne Mckenzie Director
Michael Tikal Murphy Senior Officer
Andrew Phillips Senior Officer
Leanne M. Bellegarde Director
Glenn Mcnamara Director
Anuroop Duggal Director
Pamela Pearl Kazeil Senior Officer
Robert Edward Robotti Director
Jane Gavan Director
Cameron Maclean Proctor Senior Officer
Myron Maurice Stadnyk Director
Prairiesky Royalty Ltd. Issuer
James Estey Director

PrairieSky Royalty Headlines

From GuruFocus