Saturn Oil & Gas (TSX:SOIL) ROCE % : 35.29% (As of Sep. 2024)

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What is Saturn Oil & Gas 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. Saturn Oil & Gas's annualized ROCE % for the quarter that ended in Sep. 2024 was 35.29%.

Saturn Oil & Gas ROCE % Historical Data

The historical data trend for Saturn Oil & Gas'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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Saturn Oil & Gas ROCE % Chart

Saturn Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.89

-17.81

-84.09

40.77

64.28

Saturn Oil & Gas 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															-53.57	86.34	-26.16	17.17	35.29

Saturn Oil & Gas ROCE % Calculation

Saturn Oil & Gas'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 )
	=	418.963	/	( ( (582.907 - 224.197)	+	(1335.216 - 390.407) )	/ 2 )
	=	418.963	/	( (358.71	+	944.809)	/ 2 )
	=	418.963	/	651.7595
	=	64.28 %

Saturn Oil & Gas'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 )
	=	637.392	/	( ( (2024.432 - 277.127)	+	(2155.632 - 290.996) )	/ 2 )
	=	637.392	/	( ( 1747.305	+	1864.636 )	/ 2 )
	=	637.392	/	1805.9705
	=	35.29 %

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

Saturn Oil & Gas (TSX:SOIL) 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.

Saturn Oil & Gas ROCE % Related Terms

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Saturn Oil & Gas Business Description

Industry

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OILSF:USA SMKA:Germany SMKA:Germany

Address

525 - 8th Avenue SW, Suite 2800, Calgary, AB, CAN, T2P 1G1

Website

https://www.saturnoil.com

Saturn Oil & Gas Inc is a resource company engaged in the business of acquiring, exploration, and development of petroleum and natural gas resource deposits in Canada. Its focus is to advance the exploration of its oil and gas properties in Alberta and Southeast Saskatchewan. The company generates the majority of its revenue from the sale of oil, natural gas, and NGLs production under variable price contracts.

Executives

John Jeffrey	Director, Senior Officer
Ivan Ray Bergerman	Director
Justin Joseph Raymond Kaufmann	Senior Officer
Cindy Gray	Senior Officer
Scott Jeffrey Sanborn	Senior Officer
Murray Ernest James Payne	Director
Gmt Capital Corp	Director
Grant Alexandre Mackenzie	Director