Sonoro Energy (TSXV:SNV) ROCE % : -52.94% (As of Mar. 2024)

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What is Sonoro 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. Sonoro Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was -52.94%.

Sonoro Energy ROCE % Historical Data

The historical data trend for Sonoro 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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Sonoro Energy ROCE % Chart

Sonoro Energy Annual Data

Trend

Dec14

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Dec23

ROCE %

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Sonoro Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-235.41	-125.13	-52.94

Sonoro Energy ROCE % Calculation

Sonoro 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 )
	=	4.187	/	( ( (0.126 - 5.348)	+	(3.954 - 1.832) )	/ 2 )
	=	4.187	/	( (-5.222	+	2.122)	/ 2 )
	=	4.187	/	-1.55
	=	-270.13 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.392	/	( ( (3.954 - 1.832)	+	(4.019 - 0.882) )	/ 2 )
	=	-1.392	/	( ( 2.122	+	3.137 )	/ 2 )
	=	-1.392	/	2.6295
	=	-52.94 %

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

Sonoro Energy (TSXV:SNV) 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.

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Sonoro Energy (TSXV:SNV) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sonoro Energy Ltd (TSXV:SNV) » Definitions » ROCE %

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SNVFF:USA FDZN:Germany

Address

520 - 5th Avenue SW, Suite 600, Calgary, AB, CAN, T2P 3R7

Website

http://www.sonoroenergy.com

Sonoro Energy Ltd is engaged in the exploration, development, and production of oil and gas resources focused in South East Asia. The company operations include Selat Panjang Production.

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