Crescent Point Energy (Crescent Point Energy) ROCE % : 16.73% (As of Dec. 2023)

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What is Crescent Point 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. Crescent Point Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.73%.

Crescent Point Energy ROCE % Historical Data

The historical data trend for Crescent Point 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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Crescent Point Energy ROCE % Chart

Crescent Point Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.90

-40.60

46.10

19.26

12.06

Crescent Point Energy 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															-34.19	14.44	13.39	9.13	16.73

Crescent Point Energy ROCE % Calculation

Crescent Point 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 )
	=	878.876	/	( ( (6982.996 - 912.035)	+	(9522.734 - 1023.778) )	/ 2 )
	=	878.876	/	( (6070.961	+	8498.956)	/ 2 )
	=	878.876	/	7284.9585
	=	12.06 %

Crescent Point Energy'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 )
	=	1274.3	/	( ( (7664.622 - 927.204)	+	(9522.734 - 1023.778) )	/ 2 )
	=	1274.3	/	( ( 6737.418	+	8498.956 )	/ 2 )
	=	1274.3	/	7618.187
	=	16.73 %

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

Crescent Point Energy (NYSE:CPG) 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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Crescent Point Energy (Crescent Point Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crescent Point Energy Corp (NYSE:CPG) » Definitions » ROCE %

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016:Germany 016:Germany CPG:Canada

Address

585 - 8th Avenue S.W., Suite 2000, Calgary, AB, CAN, T2P 1G1

Website

https://www.crescentpointenergy.com

Crescent Point Energy Corp is an independent exploration and production company. It is engaged in acquiring, developing, and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly-owned subsidiaries. The company generates maximum revenue from Oil and gas sales.