TXLZF (Tesla Exploration) ROCE %: -4,612.96% (As of Mar. 2016)

What is Tesla Exploration ROCE %?

Tesla Exploration TXLZF -90.00% ROCE % is -4,612.96% as of Mar. 2016.

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. Tesla Exploration's annualized ROCE % for the quarter that ended in Mar. 2016 was -4,612.96%.

Tesla Exploration (OTCPK:TXLZF) 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.

Tesla Exploration ROCE % Related Terms

Tesla Exploration ROCE % Historical Data

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The historical data trend for Tesla Exploration'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.

Tesla Exploration ROCE % Chart

Tesla Exploration Annual Data

Trend

Apr06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROCE %

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3.03

11.66

4.81

-15.15

-66.96

Tesla Exploration Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
ROCE %	Get a 7-Day Free Trial															-23.18	-58.14	-125.13	-227.70	-4,612.96

Tesla Exploration ROCE % Calculation

Tesla Exploration's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	-28.543	/	( ( (101.56 - 27.914)	+	(59.192 - 47.588) )	/ 2 )
	=	-28.543	/	( (73.646	+	11.604)	/ 2 )
	=	-28.543	/	42.625
	=	-66.96 %

Tesla Exploration's ROCE % of for the quarter that ended in Mar. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2016 )		(Q: Dec. 2015 )		(Q: Mar. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2016 )		(Q: Dec. 2015 )		(Q: Mar. 2016 )
	=	-71.524	/	( ( (59.192 - 47.588)	+	(45.194 - 53.697) )	/ 2 )
	=	-71.524	/	( ( 11.604	+	-8.503 )	/ 2 )
	=	-71.524	/	1.5505
	=	-4,612.96 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2016) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -4,612.96% mean?

Tesla Exploration (TXLZF) has a ROCE % of -4,612.96% as of Mar. 2016.

Is Tesla Exploration's ROCE % too high?

Tesla Exploration's current ROCE % is -4,612.96%.

How does Tesla Exploration's ROCE % compare to SES and DPDW?

Tesla Exploration's ROCE % of -4,612.96% 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. Tesla Exploration's current ROCE % is -4,612.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tesla Exploration stock overvalued right now?

Tesla Exploration (TXLZF) has a current ROCE % of -4,612.96%. The current ROCE % is -4,612.96%. 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 Tesla Exploration (TXLZF), the current ROCE % is -4,612.96% as of Mar. 2016. 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.

Tesla Exploration Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:VLS OSL:HAVI WAR:PBG TSX:SHLE SGX:BLZ SGX:5PL BOM:532773 ASX:BLV SES DPDW NGM:GGEO SGX:EB7 BSP:LUPA3 BAS NSE:SOUTHWEST SAEX TSXV:WEE ENSV BKK:PAE CRR

Address 8A Street N.E, Suite 4500, Calgary, AB, CAN, T2E 4J7

Website http://www.teslaexploration.com

Tesla Exploration Ltd is a Canada based geophysical services company. It provides seismic services in North America, Europe, Africa and other international locations. It operates through North American Land Seismic Acquisition, International Land Seismic Acquisition, and Offshore Marine Survey segments. The North American Land Seismic Acquisition and International Land Seismic Acquisition segments offer three dimensional (3D) program design, project management, and experience when acquiring two dimensional (2D) and 3D vibroseis, dynamite and airgun seismic surveys on all types of land terrain, rivers, and lakes. The Offshore Marine Survey segment offers a set of survey services, with project planning and survey design, data acquisition, interpretation and final report preparation.