Centaurus Energy (TSXV:CTA) ROCE % : 3.31% (As of Mar. 2024)

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What is Centaurus 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. Centaurus Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.31%.

Centaurus Energy ROCE % Historical Data

The historical data trend for Centaurus 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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Centaurus Energy ROCE % Chart

Centaurus Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-52.91

-162.50

-3,024.23

6.38

Centaurus Energy Quarterly Data
	Jun19	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															21.80	17.36	-5.36	-8.51	3.31

Centaurus Energy ROCE % Calculation

Centaurus 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 )
	=	1.338	/	( ( (42.862 - 15.286)	+	(20.971 - 6.629) )	/ 2 )
	=	1.338	/	( (27.576	+	14.342)	/ 2 )
	=	1.338	/	20.959
	=	6.38 %

Centaurus 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 )
	=	0.476	/	( ( (20.971 - 6.629)	+	(21.086 - 6.638) )	/ 2 )
	=	0.476	/	( ( 14.342	+	14.448 )	/ 2 )
	=	0.476	/	14.395
	=	3.31 %

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

Centaurus Energy (TSXV:CTA) 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.

Centaurus Energy ROCE % Related Terms

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Centaurus Energy (TSXV:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Centaurus Energy Inc (TSXV:CTA) » Definitions » ROCE %

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Traded in Other Exchanges

CTARF:USA 72M0:Germany

Address

Maipu 1300 Piso 23, Buenos Aires, ARG, C10006ACT

Website

http://www.ctaurus.com

Centaurus Energy Inc is an independent upstream oil and gas company that engages in conventional and unconventional oil and gas operations in Argentina. The core business activities include exploration, development, and production of crude oil, natural gas liquids, and natural gas. The company holds over 950,000 net acres within four provinces in Argentina where it is focused on the delineation of large petroleum in-place unconventional resources in the Vaca Muerta and Agrio shales, in addition to multiple tight sand plays.

Executives

David Tawil

Director