Circle Energy (Circle Energy) ROCE % : -33.05% (As of Mar. 2024)

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What is Circle 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. Circle Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was -33.05%.

Circle Energy ROCE % Historical Data

The historical data trend for Circle 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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Circle Energy ROCE % Chart

Circle Energy Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-20.49

-22.87

Circle Energy Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				-26.09	-24.31	-19.60	-20.65	-33.05

Circle Energy ROCE % Calculation

Circle 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 )
	=	-0.078	/	( ( (0.384 - 0.004)	+	(0.31 - 0.008) )	/ 2 )
	=	-0.078	/	( (0.38	+	0.302)	/ 2 )
	=	-0.078	/	0.341
	=	-22.87 %

Circle Energy'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 )
	=	-0.096	/	( ( (0.31 - 0.008)	+	(0.297 - 0.018) )	/ 2 )
	=	-0.096	/	( ( 0.302	+	0.279 )	/ 2 )
	=	-0.096	/	0.2905
	=	-33.05 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Circle Energy (OTCPK:CRCE) 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.

Circle Energy ROCE % Related Terms

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Circle Energy (Circle Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Circle Energy Inc (OTCPK:CRCE) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

8211 E Regal Place, Tulsa, OK, USA, 74133

Website

Circle Energy Inc is engaged primarily in the acquisition, exploration and development of oil and natural gas properties. The Company owns interests in oil and natural gas properties located in Texas.

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