Viper Energy (FRA:ZT0) ROCE % : 13.36% (As of Mar. 2024)

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What is Viper 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. Viper Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.36%.

Viper Energy ROCE % Historical Data

The historical data trend for Viper 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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Viper Energy ROCE % Chart

Viper Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.16

-0.66

11.12

23.17

17.22

Viper Energy 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															14.51	13.37	32.09	16.76	13.36

Viper Energy ROCE % Calculation

Viper 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 )
	=	546.715	/	( ( (2756.832 - 20.717)	+	(3644.243 - 30.496) )	/ 2 )
	=	546.715	/	( (2736.115	+	3613.747)	/ 2 )
	=	546.715	/	3174.931
	=	17.22 %

Viper 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 )
	=	484.628	/	( ( (3644.243 - 30.496)	+	(3691.561 - 50.494) )	/ 2 )
	=	484.628	/	( ( 3613.747	+	3641.067 )	/ 2 )
	=	484.628	/	3627.407
	=	13.36 %

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

Viper Energy (FRA:ZT0) 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.

Viper Energy ROCE % Related Terms

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Viper Energy (FRA:ZT0) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Viper Energy Inc (FRA:ZT0) » Definitions » ROCE %

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Traded in Other Exchanges

VNOM:USA

Address

500 West Texas, Suite 1200, Midland, TX, USA, 79701

Website

https://www.viperenergy.com

Viper Energy Inc was formed by Diamondback Energy in 2014 to own mineral royalty interests in oil and natural gas properties in the Permian Basin. At the end of 2020, Viper owns 24,350 net royalty acres that produced 26,551 boe/d. Proved reserves are mostly oil, and at the end of 2020 stand at 99,392 mboe.

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