SynStream Energy (TSXV:SHM.H) ROCE % : 0.00% (As of Sep. 2019)

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What is SynStream 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. SynStream Energy's annualized ROCE % for the quarter that ended in Sep. 2019 was 0.00%.

SynStream Energy ROCE % Historical Data

The historical data trend for SynStream 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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SynStream Energy ROCE % Chart

SynStream Energy Annual Data

Trend

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ROCE %

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SynStream Energy Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
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SynStream Energy ROCE % Calculation

SynStream Energy's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-0.602	/	( ( (0.119 - 0.333)	+	(0.14 - 0.598) )	/ 2 )
	=	-0.602	/	( (-0.214	+	-0.458)	/ 2 )
	=	-0.602	/	-0.336
	=	179.17 %

SynStream Energy's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-0.08	/	( ( (0.078 - 0.617)	+	(0.065 - 0.631) )	/ 2 )
	=	-0.08	/	( ( -0.539	+	-0.566 )	/ 2 )
	=	-0.08	/	-0.5525
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

SynStream Energy (TSXV:SHM.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.

SynStream Energy ROCE % Related Terms

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SynStream Energy Business Description

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Address

1414 8th Street SW, Suite 200, Calgary, AB, CAN, T2R 1J6

Website

http://www.synstreamenergy.com

SynStream Energy Corp is a Canada based exploration company. It is engaged in the acquisition, exploration, development, and production of petroleum and natural gas reserves in Western Canada.

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