Canada Energy Partners (TSXV:CE.H) ROCE % : 0.00% (As of Jan. 2024)

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What is Canada Energy Partners 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. Canada Energy Partners's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Canada Energy Partners ROCE % Historical Data

The historical data trend for Canada Energy Partners'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.
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Canada Energy Partners ROCE % Chart

Canada Energy Partners Annual Data

Trend

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ROCE %

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Canada Energy Partners Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
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Canada Energy Partners ROCE % Calculation

Canada Energy Partners's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-0.602	/	( ( (0.205 - 0.24)	+	(0.099 - 0.37) )	/ 2 )
	=	-0.602	/	( (-0.035	+	-0.271)	/ 2 )
	=	-0.602	/	-0.153
	=	393.46 %

Canada Energy Partners's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.192	/	( ( (0.099 - 0.478)	+	(0.083 - 0.507) )	/ 2 )
	=	-0.192	/	( ( -0.379	+	-0.424 )	/ 2 )
	=	-0.192	/	-0.4015
	=	0 %

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

Canada Energy Partners (TSXV:CE.H) 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.

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Canada Energy Partners (TSXV:CE.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canada Energy Partners Inc (TSXV:CE.H) » Definitions » ROCE %

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Address

650-669 Howe Street, Vancouver, BC, CAN, V6C 0B4

Website

https://www.canadaenergypartners.com

Canada Energy Partners Inc is an independent natural gas exploration and development company focused on conventional oil and gas assets. The company was formed for the purpose of exploring for acquiring and developing coalbed methane reserves in the Peace River area of northeast British Columbia. The company operates its business in one geographic segment Canada.

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