GeoPark (GeoPark) ROCE % : 22.50% (As of Dec. 2023)

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What is GeoPark 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. GeoPark's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.50%.

GeoPark ROCE % Historical Data

The historical data trend for GeoPark'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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GeoPark ROCE % Chart

GeoPark Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.79

-18.62

24.48

60.87

32.90

GeoPark Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															49.09	38.33	31.05	38.81	22.50

GeoPark ROCE % Calculation

GeoPark'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 )
	=	251.804	/	( ( (973.975 - 229.155)	+	(1016.549 - 230.543) )	/ 2 )
	=	251.804	/	( (744.82	+	786.006)	/ 2 )
	=	251.804	/	765.413
	=	32.90 %

GeoPark's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	176.224	/	( ( (971.966 - 191.226)	+	(1016.549 - 230.543) )	/ 2 )
	=	176.224	/	( ( 780.74	+	786.006 )	/ 2 )
	=	176.224	/	783.373
	=	22.50 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

GeoPark (NYSE:GPRK) 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.

GeoPark ROCE % Related Terms

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GeoPark (GeoPark) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GeoPark Ltd (NYSE:GPRK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

G6O:Germany GPRK34:Brazil

Address

Calle 94 No 11 - 30, floors 8, 9, 10, Bogota, COL

Website

http://www.geo-park.com

GeoPark Ltd is a Latin American oil and gas exploration and production company with assets in Colombia, Ecuador, Chile, Brazil and Argentina. The company generates revenue from the sale of crude oil, condensate and natural gas net of value-added tax and discounts related to the sale and overriding royalties due to the ex-owners of oil and gas properties where the royalty arrangements represent a retained working interest in the property.

Executives

Manchester Financial Group, Lp	10 percent owner	ONE MARKET PLACE, 33RD FLOOR, SAN DIEGO CA 92101
Manchester Financial Group, Inc.	10 percent owner	101 ASH STREET, SUITE 1900, SAN DIEGO CA 92101