Devon Energy (XBUL:DY6) ROCE % : 14.20% (As of Dec. 2024)

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What is Devon 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. Devon Energy's annualized ROCE % for the quarter that ended in Dec. 2024 was 14.20%.

Devon Energy ROCE % Historical Data

The historical data trend for Devon 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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Devon Energy ROCE % Chart

Devon Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-27.94

24.88

42.25

23.68

16.88

Devon Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															28.59	15.81	20.58	18.78	14.20

Devon Energy ROCE % Calculation

Devon Energy's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	7679.798	/	( ( (45727.752 - 5506.376)	+	(56929.091 - 6178.568) )	/ 2 )
	=	7679.798	/	( (40221.376	+	50750.523)	/ 2 )
	=	7679.798	/	45485.9495
	=	16.88 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	7229.804	/	( ( (56507.104 - 5426.086)	+	(56929.091 - 6178.568) )	/ 2 )
	=	7229.804	/	( ( 51081.018	+	50750.523 )	/ 2 )
	=	7229.804	/	50915.7705
	=	14.20 %

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

Devon Energy (XBUL:DY6) 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.

Devon Energy ROCE % Related Terms

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Devon Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (XBUL:DY6) » Definitions » ROCE %

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DVN:USA DVN:Mexico 1DY6:Italy DY6d:UK 0I8W:UK DY6:Germany D1VN34:Brazil DVN:Austria

Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

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