Chord Energy (Chord Energy) ROCE % : 18.33% (As of Mar. 2024)

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What is Chord 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. Chord Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.33%.

Chord Energy ROCE % Historical Data

The historical data trend for Chord 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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Chord Energy ROCE % Chart

Chord Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.89

-88.60

12.09

39.96

24.80

Chord Energy Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															29.84	21.83	20.74	28.09	18.33

Chord Energy ROCE % Calculation

Chord Energy'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 )
	=	1367.658	/	( ( (6631.081 - 1361.333)	+	(6926.15 - 1165.459) )	/ 2 )
	=	1367.658	/	( (5269.748	+	5760.691)	/ 2 )
	=	1367.658	/	5515.2195
	=	24.80 %

Chord Energy's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1057.936	/	( ( (6926.15 - 1165.459)	+	(7025.514 - 1245.12) )	/ 2 )
	=	1057.936	/	( ( 5760.691	+	5780.394 )	/ 2 )
	=	1057.936	/	5770.5425
	=	18.33 %

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

Chord Energy (OTCPK:WLLBW) 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.

Chord Energy ROCE % Related Terms

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Chord Energy (Chord Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chord Energy Corp (OTCPK:WLLBW) » Definitions » ROCE %

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WLLAW:USA CHRD:USA OS70:Germany

Address

1001 Fannin Street, Suite 1500, Houston, TX, USA, 77002

Website

https://www.chordenergy.com

Chord Energy Corp is an independent exploration and production company. The company acquires, exploits, develops, and explores crude oil, natural gas, and natural gas liquids in the Williston Basin.