Texhoma Energy (Texhoma Energy) ROCE % : -24.14% (As of Jun. 2008)

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What is Texhoma 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. Texhoma Energy's annualized ROCE % for the quarter that ended in Jun. 2008 was -24.14%.

Texhoma Energy ROCE % Historical Data

The historical data trend for Texhoma 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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Texhoma Energy ROCE % Chart

Texhoma Energy Annual Data

Trend

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

ROCE %

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-102.95

-44.83

Texhoma Energy Quarterly Data
	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
ROCE %	Get a 7-Day Free Trial															-36.17	-73.29	-10.97	-23.41	-24.14

Texhoma Energy ROCE % Calculation

Texhoma Energy's annualized ROCE % for the fiscal year that ended in Sep. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2007 )		(A: Sep. 2006 )		(A: Sep. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2007 )		(A: Sep. 2006 )		(A: Sep. 2007 )
	=	-2.238	/	( ( (7.678 - 1.405)	+	(5.87 - 2.159) )	/ 2 )
	=	-2.238	/	( (6.273	+	3.711)	/ 2 )
	=	-2.238	/	4.992
	=	-44.83 %

Texhoma Energy's ROCE % of for the quarter that ended in Jun. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2008 )		(Q: Mar. 2008 )		(Q: Jun. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2008 )		(Q: Mar. 2008 )		(Q: Jun. 2008 )
	=	-0.824	/	( ( (5.096 - 1.455)	+	(4.727 - 1.54) )	/ 2 )
	=	-0.824	/	( ( 3.641	+	3.187 )	/ 2 )
	=	-0.824	/	3.414
	=	-24.14 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2008) EBIT data.

Texhoma Energy (GREY:TXHE) 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.

Texhoma Energy ROCE % Related Terms

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Texhoma Energy (Texhoma Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texhoma Energy Inc (GREY:TXHE) » Definitions » ROCE %

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Address

24624 I-45 North, Suite 200, Spring, TX, USA, 77386

Website

http://www.texhomaenergy.com

Texhoma Energy Inc is an oil and gas company. It is primarily engaged in the acquisition, exploration, and development of crude oil and natural gas properties. The company holds interests in approximately five oil wells located on the Shooter 916 lease located in Ochiltree County, Texas. It also holds interests in the Tonto North 390 B No. 3 well located in Scurry County, Texas. The firm has various non-operated working interests in approximately eight wells located in Gregg and Upshur Counties, Texas.

Texhoma Energy (Texhoma Energy) Headlines

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