Jericho Energy Ventures (TSXV:JEV) ROCE % : -36.95% (As of Sep. 2024)

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What is Jericho Energy Ventures 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. Jericho Energy Ventures's annualized ROCE % for the quarter that ended in Sep. 2024 was -36.95%.

Jericho Energy Ventures ROCE % Historical Data

The historical data trend for Jericho Energy Ventures'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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Jericho Energy Ventures ROCE % Chart

Jericho Energy Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.41

-10.48

-26.96

-18.81

-34.33

Jericho Energy Ventures 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															-29.43	-52.50	-37.37	-41.00	-36.95

Jericho Energy Ventures ROCE % Calculation

Jericho Energy Ventures'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 )
	=	-8.798	/	( ( (29.664 - 1.576)	+	(25.519 - 2.349) )	/ 2 )
	=	-8.798	/	( (28.088	+	23.17)	/ 2 )
	=	-8.798	/	25.629
	=	-34.33 %

Jericho Energy Ventures'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 )
	=	-5.756	/	( ( (25.358 - 8.826)	+	(24.921 - 10.296) )	/ 2 )
	=	-5.756	/	( ( 16.532	+	14.625 )	/ 2 )
	=	-5.756	/	15.5785
	=	-36.95 %

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

Jericho Energy Ventures (TSXV:JEV) 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.

Jericho Energy Ventures ROCE % Related Terms

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Jericho Energy Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jericho Energy Ventures Inc (TSXV:JEV) » Definitions » ROCE %

Comparable Companies

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JROOF:USA JLM:Germany

Address

1055 West Georgia Street, Suite 2100, PO BOX 11110, STN Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.jerichoenergyventures.com

Jericho Energy Ventures Inc is a crude oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. The company also focuses on advancing the low-carbon energy transition with investments in hydrogen technologies, and new energy systems.

Executives

Michael Graves	10% Security Holder
Allen W Wilson	Director
Brian Williamson	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

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