Byron Energy (ASX:BYE) ROCE % : 9.96% (As of Dec. 2023)

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What is Byron 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. Byron Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.96%.

Byron Energy ROCE % Historical Data

The historical data trend for Byron 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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Byron Energy ROCE % Chart

Byron Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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18.62

2.72

9.20

24.33

19.71

Byron Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															17.74	29.59	30.83	8.22	9.96

Byron Energy ROCE % Calculation

Byron Energy's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	36.033	/	( ( (214.937 - 54.825)	+	(215.29 - 9.739) )	/ 2 )
	=	36.033	/	( (160.112	+	205.551)	/ 2 )
	=	36.033	/	182.8315
	=	19.71 %

Byron 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	21.658	/	( ( (215.29 - 9.739)	+	(261.381 - 32.075) )	/ 2 )
	=	21.658	/	( ( 205.551	+	229.306 )	/ 2 )
	=	21.658	/	217.4285
	=	9.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Byron Energy (ASX:BYE) 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.

Byron Energy ROCE % Related Terms

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Byron Energy (ASX:BYE) Business Description

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BYROF:USA

Address

480 Collins Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.byronenergy.com.au

Byron Energy Ltd engages in the exploration and development of oil and gas properties in the United States. It holds 50-100% working interests in the shallow waters of the Gulf of Mexico and transition zone, including the State Waters and adjacent coastline in the United States.

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