Velocity Energy (Velocity Energy) ROCE % : -181,400.00% (As of Jun. 2009)

View and export this data going back to . Start your Free Trial

What is Velocity 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. Velocity Energy's annualized ROCE % for the quarter that ended in Jun. 2009 was -181,400.00%.

Velocity Energy ROCE % Historical Data

The historical data trend for Velocity 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.

* Premium members only.

Velocity Energy ROCE % Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

ROCE %

-20.38

-67.84

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
ROCE %	Get a 7-Day Free Trial										0.79	-76.76	-179.96	-61.82	-181,400.00

Velocity Energy ROCE % Calculation

Velocity Energy's annualized ROCE % for the fiscal year that ended in Dec. 2008 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	-5.383	/	( ( (11.391 - 4.486)	+	(12.466 - 3.501) )	/ 2 )
	=	-5.383	/	( (6.905	+	8.965)	/ 2 )
	=	-5.383	/	7.935
	=	-67.84 %

Velocity Energy's ROCE % of for the quarter that ended in Jun. 2009 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2009 )		(Q: Mar. 2009 )		(Q: Jun. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2009 )		(Q: Mar. 2009 )		(Q: Jun. 2009 )
	=	-3.628	/	( ( (9.381 - 3.632)	+	(8.272 - 14.017) )	/ 2 )
	=	-3.628	/	( ( 5.749	+	-5.745 )	/ 2 )
	=	-3.628	/	0.0020000000000007
	=	-181,400.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2009) EBIT data.

Velocity Energy (OTCPK:VCYE) 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.

Velocity Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Velocity Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

Velocity Energy (Velocity Energy) Headlines

No Headlines