Greenfire Resources (Greenfire Resources) ROCE % : -12.34% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Greenfire Resources 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. Greenfire Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.34%.

Greenfire Resources ROCE % Historical Data

The historical data trend for Greenfire Resources'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.

Greenfire Resources ROCE % Chart

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

147.55

11.89

-0.67

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			4.00	-1.90	-27.76	14.21	-12.34

Greenfire Resources ROCE % Calculation

Greenfire Resources'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 )
	=	-5.201	/	( ( (864.378 - 100.788)	+	(874.689 - 97.11) )	/ 2 )
	=	-5.201	/	( (763.59	+	777.579)	/ 2 )
	=	-5.201	/	770.5845
	=	-0.67 %

Greenfire Resources'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 )
	=	-92.964	/	( ( (874.689 - 97.11)	+	(882.057 - 153.515) )	/ 2 )
	=	-92.964	/	( ( 777.579	+	728.542 )	/ 2 )
	=	-92.964	/	753.0605
	=	-12.34 %

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

Greenfire Resources (NYSE:GFR) 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.

Greenfire Resources ROCE % Related Terms

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

Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

Greenfire Resources (Greenfire Resources) Headlines

From GuruFocus

Greenfire Resources Ltd. (TSX: GFR) Opens the Market

By PRNewswire • 03-21-2024