Northern Oil & Gas (FRA:4LT1) ROCE % : 5.05% (As of Mar. 2024)

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What is Northern Oil & Gas 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. Northern Oil & Gas's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.05%.

Northern Oil & Gas ROCE % Historical Data

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.

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Northern Oil & Gas ROCE % Chart

Northern Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.30

-66.41

7.15

46.93

33.91

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															53.43	30.23	4.90	49.14	5.05

Northern Oil & Gas ROCE % Calculation

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 )
	=	1042.084	/	( ( (2714.168 - 325.654)	+	(4112.062 - 353.743) )	/ 2 )
	=	1042.084	/	( (2388.514	+	3758.319)	/ 2 )
	=	1042.084	/	3073.4165
	=	33.91 %

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 )
	=	192.748	/	( ( (4112.062 - 353.743)	+	(4263.097 - 393.769) )	/ 2 )
	=	192.748	/	( ( 3758.319	+	3869.328 )	/ 2 )
	=	192.748	/	3813.8235
	=	5.05 %

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

Northern Oil & Gas (FRA:4LT1) 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.

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Northern Oil & Gas (FRA:4LT1) Business Description

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NOG:USA

Address

4350 Baker Road, Suite 400, Minnetonka, MN, USA, 55343

Website

https://www.northernoil.com

Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.

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