Oronova Energy (TSXV:ONV.H) ROCE % : 0.00% (As of Jul. 2024)

View and export this data going back to 1987. Start your Free Trial

What is Oronova 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. Oronova Energy's annualized ROCE % for the quarter that ended in Jul. 2024 was 0.00%.

Oronova Energy ROCE % Historical Data

The historical data trend for Oronova 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.

* Premium members only.

Oronova Energy ROCE % Chart

Oronova Energy Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

Get a 7-Day Free Trial

-195.31

Oronova Energy Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Oronova Energy ROCE % Calculation

Oronova Energy's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-0.168	/	( ( (0.005 - 0.467)	+	(0.003 - 0.632) )	/ 2 )
	=	-0.168	/	( (-0.462	+	-0.629)	/ 2 )
	=	-0.168	/	-0.5455
	=	30.80 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-0.188	/	( ( (0.003 - 0.667)	+	(0.004 - 0.716) )	/ 2 )
	=	-0.188	/	( ( -0.664	+	-0.712 )	/ 2 )
	=	-0.188	/	-0.688
	=	0 %

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

Oronova Energy (TSXV:ONV.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.

Oronova Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Oronova Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Oronova Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oronova Energy Inc (TSXV:ONV.H) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V7X 1J1

Website

Oronova Energy Inc is an international oil and gas exploration and production company. The firm engages in the acquisition, exploration, development, and production of crude oil and natural gas reserves in strategic countries.

Oronova Energy Headlines

No Headlines