Spartan Delta (TSX:SDE) ROCE % : 5.99% (As of Dec. 2024)

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What is Spartan Delta 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. Spartan Delta's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.99%.

Spartan Delta ROCE % Historical Data

The historical data trend for Spartan Delta'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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Spartan Delta ROCE % Chart

Spartan Delta Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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27.67

41.48

44.51

66.21

8.71

Spartan Delta Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															33.16	11.85	12.92	4.64	5.99

Spartan Delta ROCE % Calculation

Spartan Delta's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	54.87	/	( ( (819.524 - 250.248)	+	(933.144 - 242.371) )	/ 2 )
	=	54.87	/	( (569.276	+	690.773)	/ 2 )
	=	54.87	/	630.0245
	=	8.71 %

Spartan Delta's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	40.784	/	( ( (921.71 - 251.071)	+	(933.144 - 242.371) )	/ 2 )
	=	40.784	/	( ( 670.639	+	690.773 )	/ 2 )
	=	40.784	/	680.706
	=	5.99 %

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

Spartan Delta (TSX:SDE) 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.

Spartan Delta ROCE % Related Terms

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Spartan Delta Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spartan Delta Corp (TSX:SDE) » Definitions » ROCE %

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Traded in Other Exchanges

DALXF:USA

Address

308 - 4th Avenue South West, Suite 1600, Calgary, AB, CAN, T2P 0H7

Website

https://www.spartandeltacorp.com

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of crude oil and natural gas properties in western Canada. It operates and focuses its activities on Peace River Arch and Central Alberta. It is a differentiated energy company whose ESG-focused culture is centered on generating sustainable free cash flow through oil and gas exploration and development.

Executives

Tamara Macdonald	Director
Ojay Platt	Senior Officer
Donald Archibald	Director
Martin Malek	Senior Officer
Fotis Kalantzis	Director, Senior Officer
Kevin Overstrom	Director
Geraldine Louise Greenall	Senior Officer
Ashley Dawn Hohm	Senior Officer
Craig Christopher Martin	Senior Officer
Brendan Archibald Paton	Senior Officer
Randy Murray Berg	Senior Officer
Reginald James Greenslade	Director
Richard Francis Mchardy	Director
Thanos Athanassios Natras	Senior Officer
Elliot Weissbluth	Director