Touchstone Exploration (TSX:TXP) ROCE % : 3.77% (As of Sep. 2024)

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What is Touchstone Exploration 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. Touchstone Exploration's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.77%.

Touchstone Exploration ROCE % Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration ROCE % Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.96

-19.54

14.64

3.32

-8.62

Touchstone Exploration 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															5.72	-42.41	16.03	14.20	3.77

Touchstone Exploration ROCE % Calculation

Touchstone Exploration'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 )
	=	-13.691	/	( ( (200.891 - 29.103)	+	(186.413 - 40.451) )	/ 2 )
	=	-13.691	/	( (171.788	+	145.962)	/ 2 )
	=	-13.691	/	158.875
	=	-8.62 %

Touchstone Exploration'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 )
	=	6.552	/	( ( (204.96 - 31.698)	+	(205.26 - 31.271) )	/ 2 )
	=	6.552	/	( ( 173.262	+	173.989 )	/ 2 )
	=	6.552	/	173.6255
	=	3.77 %

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

Touchstone Exploration (TSX:TXP) 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.

Touchstone Exploration ROCE % Related Terms

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Touchstone Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (TSX:TXP) » Definitions » ROCE %

Comparable Companies

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PBEGF:USA TXP:UK

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is currently active in the Republic of Trinidad and Tobago. The company generates revenue from Petroleum and natural gas sales. The company's exploration project includes Ortoire, Coho, Cascadura, Chinook, Royston.

Executives

Paul Raymond Baay	Director, Senior Officer
Christopher Scott Budau	Senior Officer
James Shipka	Senior Officer
Brian Hollingshead	Senior Officer
Thomas Valentine	Senior Officer
John David Wright	Director, Senior Officer
Harrie Vredenburg	Director
Stanley Thomas Smith	Director
North Energy Asa	10% Security Holder

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