Decklar Resources (TSXV:DKL) ROCE % : -15.99% (As of Sep. 2023)

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What is Decklar Resources 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. Decklar Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was -15.99%.

Decklar Resources ROCE % Historical Data

The historical data trend for Decklar Resources'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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Decklar Resources ROCE % Chart

Decklar Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-246.27

-216.50

-17.23

-39.94

Decklar Resources Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-7.52	-9.03	-91.62	-5.58	-15.99

Decklar Resources ROCE % Calculation

Decklar Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-13.071	/	( ( (45.897 - 15.708)	+	(59.667 - 24.409) )	/ 2 )
	=	-13.071	/	( (30.189	+	35.258)	/ 2 )
	=	-13.071	/	32.7235
	=	-39.94 %

Decklar Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-5.6	/	( ( (60.734 - 25.909)	+	(61.153 - 25.943) )	/ 2 )
	=	-5.6	/	( ( 34.825	+	35.21 )	/ 2 )
	=	-5.6	/	35.0175
	=	-15.99 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Decklar Resources (TSXV:DKL) 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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Decklar Resources (TSXV:DKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Decklar Resources Inc (TSXV:DKL) » Definitions » ROCE %

Comparable Companies

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DKLRF:USA A1U1:Germany

Address

8th Avenue S.W., Suite 525, 4600 Eighth Avenue Place East, Calgary, AB, CAN, T2P 1G1

Website

https://www.decklarresources.com

Decklar Resources Inc is an oil and gas exploration and development company principally focused on providing funding and technical advisory services to companies involved in the exploration and development of oil and gas properties in Nigeria. The company is developing the Oza Field located onshore in Oil Mining Lease (OML) 11 in Nigeria to increase production and reserves at the Oza Field.