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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. Daybreak Oil & Gas's annualized ROCE % for the quarter that ended in Feb. 2023 was -57.68%.
The historical data trend for Daybreak 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.
Daybreak Oil & Gas Annual Data | |||||||||||||||||||||
Trend | Feb14 | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | - | - | - | - | -224.80 |
Daybreak Oil & Gas Quarterly Data | ||||||||||||||||||||
May18 | Aug18 | Nov18 | Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | |
ROCE % | Get a 7-Day Free Trial | - | -263.32 | -12.75 | -15.63 | -57.68 |
Daybreak Oil & Gas's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Feb. 2023 ) | (A: Feb. 2022 ) | (A: Feb. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Feb. 2023 ) | (A: Feb. 2022 ) | (A: Feb. 2023 ) | |||||
= | -2.284 | / | ( ( (0.976 - 3.405) | + | (7.715 - 3.254) ) | / 2 ) | |
= | -2.284 | / | ( (-2.429 | + | 4.461) | / 2 ) | |
= | -2.284 | / | 1.016 | ||||
= | -224.80 % |
Daybreak Oil & Gas's ROCE % of for the quarter that ended in Feb. 2023 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Feb. 2023 ) | (Q: Nov. 2022 ) | (Q: Feb. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Feb. 2023 ) | (Q: Nov. 2022 ) | (Q: Feb. 2023 ) | |||||
= | -2.876 | / | ( ( (8.765 - 3.254) | + | (7.715 - 3.254) ) | / 2 ) | |
= | -2.876 | / | ( ( 5.511 | + | 4.461 ) | / 2 ) | |
= | -2.876 | / | 4.986 | ||||
= | -57.68 % |
(1) Note: The EBIT data used here is four times the quarterly (Feb. 2023) 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.
Daybreak Oil & Gas (OTCPK:DBRM) 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 Daybreak Oil & Gas's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gaelic Resources Ltd | 10 percent owner | 14 ALBERT STREET, DOUGLAS Y8 IM1 2QA |
Darren Williams | director | 9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311 |
James F Westmoreland | director, 10 percent owner, officer: President & CEO | 1101 N. ARGONNE ROAD, SUITE A 211, SPOKANE VALLEY WA 99212 |
James F. Meara | director | C/O 601 W. MAIN AVENUE, SUITE 1012, SPOKANE WA 99201 |
Timothy R Lindsey | director | 1101 N. ARGONNE ROAD, SUITE A211, SPOKANE VALLEY WA 99212 |
Maximilian Investors Llc | 10 percent owner | 152 WEST 57TH STREET, 54TH FLOOR, NEW YORK NY 10019 |
Wayne G Dotson | director | 601 W. MAIN AVE., SUITE 1012, SPOKANE WA 99201 |
Karol Lynn Adams | officer: Corporate Secretary | DAYBREAK OIL AND GAS, INC., 601 WEST MAIN AVE., SUITE 1012, SPOKANE WA 99201 |
Anna Moe | other: Spouse of director | 8305 NORTH COLTON PLACE, SPOKANE WA 99208 |
Keith Hooper | 10 percent owner | 1529 WEST ADAMS STREET, CHICAGO IL 60607 |
Benjamin Wade Anderson | officer: Chief Operating Officer | 1023 E 760 S, OREM UT 84097 |
Eric Moe | officer: Chief Executive Officer | 8305 NORTH COLTON PLACE, SPOKANE WA 99208 |
Robert N Martin | director, officer: President | 621 B 37 STREET SW, CALGARY A0 T3C 1R8 |
Jeffrey Robert Dworkin | director, officer: Secretary | 320 1001 13 AVENUE SW, CALGARY A0 T2R 0L5 |
Curtis Michael Charles Peter | director | 161 DES CEDRES, ST. EUSTACHE A8 J6R 4V7 |
From GuruFocus
By Marketwired Marketwired • 01-03-2019
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