Reconnaissance Energy Africa (TSXV:RECO) ROCE % : -18.45% (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

What is Reconnaissance Energy Africa 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. Reconnaissance Energy Africa's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.45%.

Reconnaissance Energy Africa ROCE % Historical Data

The historical data trend for Reconnaissance Energy Africa'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.

Reconnaissance Energy Africa ROCE % Chart

Reconnaissance Energy Africa Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

ROCE %

Get a 7-Day Free Trial

-98.43

-147.50

-181.91

-284.31

-51.91

Reconnaissance Energy Africa Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-35.39	-30.53	-25.70	-44.40	-18.45

Reconnaissance Energy Africa ROCE % Calculation

Reconnaissance Energy Africa's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Jun. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Jun. 2019 )		(A: Dec. 2020 )
	=	-7.48	/	( ( (0.561 - 0.328)	+	(30.519 - 1.933) )	/ 2 )
	=	-7.48	/	( (0.233	+	28.586)	/ 2 )
	=	-7.48	/	14.4095
	=	-51.91 %

Reconnaissance Energy Africa's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-18.812	/	( ( (188.587 - 122.582)	+	(141.203 - 3.255) )	/ 2 )
	=	-18.812	/	( ( 66.005	+	137.948 )	/ 2 )
	=	-18.812	/	101.9765
	=	-18.45 %

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

Reconnaissance Energy Africa (TSXV:RECO) 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.

Reconnaissance Energy Africa ROCE % Related Terms

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

Reconnaissance Energy Africa (TSXV:RECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reconnaissance Energy Africa Ltd (TSXV:RECO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RECAF:USA 0XD:Germany

Address

Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1

Website

https://www.reconafrica.com

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer.

Reconnaissance Energy Africa (TSXV:RECO) Headlines

No Headlines