Ranger Oil (Ranger Oil) ROCE % : 29.46% (As of Mar. 2023)

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What is Ranger Oil 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. Ranger Oil's annualized ROCE % for the quarter that ended in Mar. 2023 was 29.46%.

Ranger Oil ROCE % Historical Data

The historical data trend for Ranger Oil'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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Ranger Oil ROCE % Chart

Ranger Oil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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33.88

10.57

-30.47

12.71

34.45

Ranger Oil Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-3.26	49.01	65.07	30.23	29.46

Ranger Oil ROCE % Calculation

Ranger Oil's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	514.774	/	( ( (1576.608 - 268.882)	+	(2014.207 - 333.542) )	/ 2 )
	=	514.774	/	( (1307.726	+	1680.665)	/ 2 )
	=	514.774	/	1494.1955
	=	34.45 %

Ranger Oil's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	514.928	/	( ( (2014.207 - 333.542)	+	(2086.632 - 272.078) )	/ 2 )
	=	514.928	/	( ( 1680.665	+	1814.554 )	/ 2 )
	=	514.928	/	1747.6095
	=	29.46 %

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

Ranger Oil (NAS:ROCC) 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.

Ranger Oil ROCE % Related Terms

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Ranger Oil (Ranger Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Oil Corp (NAS:ROCC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16285 Park Ten Place, Suite 500, Houston, TX, USA, 77084

Website

https://www.rangeroil.com

Ranger Oil Corp is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs, and natural gas, with operations in the Eagle Ford shale in south Texas.

Executives

Richard Alan Burnett	director	12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251
Garrett Chunn	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Kayla Baird	officer: VP, CAO and Controller	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Edward Geiser	director, 10 percent owner	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Joshua Schmidt	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Kevin Cumming	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Juniper Capital Iii Gp, L.p.	10 percent owner	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Juniper Capital Ii Gp, L.p.	10 percent owner	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Temitope Ogunyomi	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Tim W Gray	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Julia Gwaltney	officer: Sr. Vice President-Development	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Darrin J. Henke	director, officer: President and CEO	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Mangrove Partners Master Fund, Ltd.	10 percent owner	645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Victor Frank Pottow	director	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Darin G Holderness	director	14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079