Logan energy (TSXV:LGN) ROCE % : 16.81% (As of Sep. 2024)

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What is Logan 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. Logan energy's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.81%.

Logan energy ROCE % Historical Data

The historical data trend for Logan 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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Logan energy ROCE % Chart

Logan energy Annual Data

Trend

Dec22

Dec23

ROCE %

31.94

-18.36

Logan energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial					-31.91	30.41	-4.11	1.96	16.81

Logan energy ROCE % Calculation

Logan 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 )
	=	-30.348	/	( ( (131.903 - 8.481)	+	(234.638 - 27.539) )	/ 2 )
	=	-30.348	/	( (123.422	+	207.099)	/ 2 )
	=	-30.348	/	165.2605
	=	-18.36 %

Logan energy'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 )
	=	35.764	/	( ( (248.39 - 41.387)	+	(267.304 - 48.731) )	/ 2 )
	=	35.764	/	( ( 207.003	+	218.573 )	/ 2 )
	=	35.764	/	212.788
	=	16.81 %

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

Logan energy (TSXV:LGN) 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.

Logan energy ROCE % Related Terms

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Logan energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Logan energy Corp (TSXV:LGN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LOECF:USA R76:Germany

Address

736 - 6th Avenue S.W., Suite 1800, Calgary, AB, CAN, T2P 3T7

Website

https://www.loganenergycorp.com

Logan energy Corp is a growth-oriented exploration, development and production company. It is founded with initial capitalization and three high-quality and opportunity-rich Montney assets located in the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock area of northeastern British Columbia. The company carries on the exploration,development and production of oil and natural gas.

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