TXGE (Texas Gulf Energy) ROCE %: -1,636.36% (As of Sep. 2014)


What is Texas Gulf Energy ROCE %?

Texas Gulf Energy TXGE ROCE % is -1,636.36% as of Sep. 2014.

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. Texas Gulf Energy's annualized ROCE % for the quarter that ended in Sep. 2014 was -1,636.36%.

Texas Gulf Energy  (OTCPK:TXGE) 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.

Texas Gulf Energy ROCE % Related Terms

Texas Gulf Energy ROCE % Historical Data

* Premium members only.

The historical data trend for Texas Gulf 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.

Texas Gulf Energy ROCE % Chart

Texas Gulf Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
ROCE %
Get a 7-Day Free Trial 0.00 0.00 127.77 -36.19 -135.12

Texas Gulf Energy Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -114.21 -168.84 -175.07 -197.36 -1,636.36

Texas Gulf Energy ROCE % Calculation

Texas Gulf Energy's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=-4.134/( ( (10.458 - 5.882) + (3.901 - 2.358) )/ 2 )
=-4.134/( (4.576+1.543)/ 2 )
=-4.134/3.0595
=-135.12 %

Texas Gulf Energy's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2014 )  (Q: Jun. 2014 )(Q: Sep. 2014 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2014 )  (Q: Jun. 2014 )(Q: Sep. 2014 )
=-1.26/( ( (1.363 - 1.017) + (0.997 - 1.189) )/ 2 )
=-1.26/( ( 0.346 + -0.192 )/ 2 )
=-1.26/0.077
=-1,636.36 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -1,636.36% mean?
Texas Gulf Energy (TXGE) has a ROCE % of -1,636.36% as of Sep. 2014.
Is Texas Gulf Energy's ROCE % too high?
Texas Gulf Energy's current ROCE % is -1,636.36%.
How does Texas Gulf Energy's ROCE % compare to BMMCF and ESES?
Texas Gulf Energy's ROCE % of -1,636.36% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texas Gulf Energy's current ROCE % is -1,636.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Gulf Energy stock overvalued right now?
Texas Gulf Energy (TXGE) has a current ROCE % of -1,636.36%. The current ROCE % is -1,636.36%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Texas Gulf Energy (TXGE), the current ROCE % is -1,636.36% as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Texas Gulf Energy Business Description

Industry EnergyOil & Gas
Address 1602 Old Underwood Road, La Porte, TX, USA, 77571
Texas Gulf Energy Inc is active in the oil and gas industry domain. It is engaged in providing construction, maintenance, turnaround management, professional services, project management services, and fabrication and field services. The company offers services to the refining, chemicals, liquefied natural gas, oil and gas, and midstream and upstream industries.