VARRY (Var Energi ASA) ROCE % : 14.92% (As of Sep. 2024)

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What is Var Energi ASA 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. Var Energi ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.92%.

Var Energi ASA ROCE % Historical Data

The historical data trend for Var Energi ASA'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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Var Energi ASA ROCE % Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.22

-10.68

14.90

35.47

20.59

Var Energi ASA Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													23.63	11.10	18.61	21.02	14.92

Var Energi ASA ROCE % Calculation

Var Energi ASA'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 )
	=	3361.274	/	( ( (18797.288 - 3309.154)	+	(19289.199 - 2124.093) )	/ 2 )
	=	3361.274	/	( (15488.134	+	17165.106)	/ 2 )
	=	3361.274	/	16326.62
	=	20.59 %

Var Energi ASA's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	3037.928	/	( ( (22242.698 - 2346.756)	+	(23329.486 - 2514.556) )	/ 2 )
	=	3037.928	/	( ( 19895.942	+	20814.93 )	/ 2 )
	=	3037.928	/	20355.436
	=	14.92 %

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

Var Energi ASA (OTCPK:VARRY) 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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Var Energi ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Var Energi ASA (OTCPK:VARRY) » Definitions » ROCE %

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VARo:Sweden VAR:Norway VARo:UK J4V:Germany

Address

Vestre Svanholmen 1, Sandnes, NOR, 4313

Website

https://www.varenergi.no

Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.