Uriel Gas Holdings (XCNQ:UGH) ROCE % : -17.92% (As of Mar. 2024)

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What is Uriel Gas Holdings 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. Uriel Gas Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -17.92%.

Uriel Gas Holdings ROCE % Historical Data

The historical data trend for Uriel Gas Holdings'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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Uriel Gas Holdings ROCE % Chart

Uriel Gas Holdings Annual Data

Trend

Jun22

Jun23

ROCE %

-31.76

Uriel Gas Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					-22.47	-15.62	-8.29	-7.09	-17.92

Uriel Gas Holdings ROCE % Calculation

Uriel Gas Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.033	/	( ( (2.349 - 0.127)	+	(4.667 - 0.384) )	/ 2 )
	=	-1.033	/	( (2.222	+	4.283)	/ 2 )
	=	-1.033	/	3.2525
	=	-31.76 %

Uriel Gas Holdings'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 )
	=	-0.716	/	( ( (4.483 - 0.338)	+	(4.388 - 0.543) )	/ 2 )
	=	-0.716	/	( ( 4.145	+	3.845 )	/ 2 )
	=	-0.716	/	3.995
	=	-17.92 %

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

Uriel Gas Holdings (XCNQ:UGH) 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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Uriel Gas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Uriel Gas Holdings Corp (XCNQ:UGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500-4th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 2V6

Website

https://www.urielgas.com

Uriel Gas Holdings Corp is an oil and gas company engaged in the exploration for and production of crude oil and natural gas in Western Canada. The company's business model focuses on the acquisition and exploitation of under-developed oil and gas pools, principally in the Western Canadian Sedimentary Basin.

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