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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. Northern Oil & Gas's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.05%.
The historical data trend for Northern Oil & Gas'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.
Northern Oil & Gas Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 0.29 | -70.89 | 6.96 | 45.99 | 34.29 |
Northern Oil & Gas 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 | 53.70 | 30.40 | 4.86 | 49.65 | 5.05 |
Northern Oil & Gas'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 ) | |||||
= | 1136.406 | / | ( ( (2875.178 - 344.972) | + | (4484.255 - 385.761) ) | / 2 ) | |
= | 1136.406 | / | ( (2530.206 | + | 4098.494) | / 2 ) | |
= | 1136.406 | / | 3314.35 | ||||
= | 34.29 % |
Northern Oil & Gas'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 ) | |||||
= | 209.508 | / | ( ( (4484.255 - 385.761) | + | (4633.801 - 428.01) ) | / 2 ) | |
= | 209.508 | / | ( ( 4098.494 | + | 4205.791 ) | / 2 ) | |
= | 209.508 | / | 4152.1425 | ||||
= | 5.05 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Northern Oil & Gas (NYSE:NOG) 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.
Thank you for viewing the detailed overview of Northern Oil & Gas's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert B. Rowling | 10 percent owner | 4001 MAPLE AVE, SUITE 600, DALLAS TX 75219 |
William F Kimble | director | 6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237 |
Jennifer S. Pomerantz | director | 4350 BAKER ROAD, SUITE 400, MINNETONKA MN 55343 |
Cresta Greenwood, Llc | 10 percent owner | 4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219 |
Rowling Family 2012 Long Term Trust | other: See Remarks | 4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219 |
James B. Evans | officer: Executive VP & Chief Engineer | 601 CARLSON PARKWAY, SUITE 990, MINNETONKA MN 55305 |
Foundation Rowling | other: See Remarks | 4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219 |
Stuart G. Lasher | director | 4931 NEW PROVIDENCE, TAMPA FL 33629 |
Ttbr Investments Llc | 10 percent owner | 4001 MAPLE AVE, SUITE 600, DALLAS TX 75219 |
Trbrjr Investments Llc | 10 percent owner | 4001 MAPLE AVE, SUITE 600, DALLAS TX 75219 |
Michael D. Kelly | officer: EVP of Finance | 3762 INGOLD STREET, HOUSTON TX 77005 |
Crestview Partners Iii Gp, L.p. | 10 percent owner | C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022 |
Brandon R. Elliott | officer: EVP, Corporate Devp & Strategy | 315 MANITOBA AVENUE, SUITE 200, WAYZATA MN 55391 |
Roy Ernest Easley | director | 1048 TEXAN TRAIL, GRAPEVINE TX 76051 |
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