Navitas Petroleum LP (XTAE:NVPT) ROCE % : -2.79% (As of Dec. 2024)

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What is Navitas Petroleum LP 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. Navitas Petroleum LP's annualized ROCE % for the quarter that ended in Dec. 2024 was -2.79%.

Navitas Petroleum LP ROCE % Historical Data

The historical data trend for Navitas Petroleum LP'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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Navitas Petroleum LP ROCE % Chart

Navitas Petroleum LP Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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8.10

7.13

10.80

3.84

1.45

Navitas Petroleum LP 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															-5.52	6.05	5.23	0.31	-2.79

Navitas Petroleum LP ROCE % Calculation

Navitas Petroleum LP'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 )
	=	67.152	/	( ( (4160.612 - 298.73)	+	(5816.577 - 428.474) )	/ 2 )
	=	67.152	/	( (3861.882	+	5388.103)	/ 2 )
	=	67.152	/	4624.9925
	=	1.45 %

Navitas Petroleum LP'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 )
	=	-146.304	/	( ( (5276.335 - 164.747)	+	(5816.577 - 428.474) )	/ 2 )
	=	-146.304	/	( ( 5111.588	+	5388.103 )	/ 2 )
	=	-146.304	/	5249.8455
	=	-2.79 %

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

Navitas Petroleum LP (XTAE:NVPT) 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.

Navitas Petroleum LP ROCE % Related Terms

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Navitas Petroleum LP Business Description

Industry

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Traded in Other Exchanges

N/A

Address

12 Abba Eban Boulevard, Herzliya, ISR

Website

https://www.navitaspet.com

Navitas Petroleum LP is engaged in oil and gas exploration and production in North America. It operates out of the United States (Houston) and Israel (Herzliya).

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