Coelacanth Energy (TSXV:CEI) ROCE % : -2.45% (As of Mar. 2024)

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What is Coelacanth Energy 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. Coelacanth Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.45%.

Coelacanth Energy ROCE % Historical Data

The historical data trend for Coelacanth Energy'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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Coelacanth Energy ROCE % Chart

Coelacanth Energy Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-28.18

-16.85

-4.45

Coelacanth Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-6.50	-7.87	-6.54	-2.55	-2.45

Coelacanth Energy ROCE % Calculation

Coelacanth Energy'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 )
	=	-6.355	/	( ( (114.029 - 8.901)	+	(208.994 - 28.754) )	/ 2 )
	=	-6.355	/	( (105.128	+	180.24)	/ 2 )
	=	-6.355	/	142.684
	=	-4.45 %

Coelacanth Energy's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-4.42	/	( ( (208.994 - 28.754)	+	(186.003 - 6.053) )	/ 2 )
	=	-4.42	/	( ( 180.24	+	179.95 )	/ 2 )
	=	-4.42	/	180.095
	=	-2.45 %

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

Coelacanth Energy (TSXV:CEI) 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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Coelacanth Energy (TSXV:CEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coelacanth Energy Inc (TSXV:CEI) » Definitions » ROCE %

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Traded in Other Exchanges

CEIEF:USA

Address

530-8th Avenue SW, Suite 2110, Calgary, AB, CAN, T2P 3S8

Website

https://www.coelacanth.ca

Coelacanth Energy Inc is a Montney-focused oil and natural gas exploration and development company, actively engaged in the acquisition ,development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada with lands located in the Two Rivers area of northeastern British Columbia. Coelacanth owns approximately 140 (net) sections of Montney acreage in the Two Rivers and surrounding area and has identified approximately 8.9 billion bbls of Original Oil in Place (OOIP) and 8.6 tcf of Original Gas in Place across these lands.

Executives

Nolan Gregory Chicoine	Senior Officer
Peter James Roy Cochrane	Senior Officer
Jody Denis	Senior Officer
Harvey Doerr	Director
John Nandor Fur	Senior Officer
William Lancaster	Director
Tom Medvedic	Director
Robert John Zakresky	Senior Officer