Tamboran Resources (ASX:TBN) ROCE % : -15.02% (As of Dec. 2022)

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What is Tamboran Resources 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. Tamboran Resources's annualized ROCE % for the quarter that ended in Dec. 2022 was -15.02%.

Tamboran Resources ROCE % Historical Data

The historical data trend for Tamboran Resources'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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Tamboran Resources ROCE % Chart

Tamboran Resources Annual Data

Trend

Jun22

Jun23

ROCE %

-8.76

-23.59

Tamboran Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
ROCE %	-	-8.57	-9.88	-15.02	-22.35

Tamboran Resources ROCE % Calculation

Tamboran Resources'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 )
	=	-42.944	/	( ( (134.071 - 4.609)	+	(255.457 - 20.852) )	/ 2 )
	=	-42.944	/	( (129.462	+	234.605)	/ 2 )
	=	-42.944	/	182.0335
	=	-23.59 %

Tamboran Resources's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-29.804	/	( ( (134.071 - 4.609)	+	(298.343 - 31.05) )	/ 2 )
	=	-29.804	/	( ( 129.462	+	267.293 )	/ 2 )
	=	-29.804	/	198.3775
	=	-15.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Tamboran Resources (ASX:TBN) 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.

Tamboran Resources ROCE % Related Terms

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Tamboran Resources (ASX:TBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamboran Resources Corp (ASX:TBN) » Definitions » ROCE %

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Traded in Other Exchanges

TBNRF:USA

Address

110-112 The Corso, Manly, Sydney, NSW, AUS, 2095

Website

https://www.tamboran.com

Tamboran Resources Corp is a gas company focused on supporting the Net Zero CO2 energy transition in Australia and Asia-Pacific through developing low CO2 unconventional gas resources in the Australian Northern Territory.

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