Oneiro Energy (LSE:ONE) ROCE % : -114.40% (As of Jul. 2023)

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What is Oneiro 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. Oneiro Energy's annualized ROCE % for the quarter that ended in Jul. 2023 was -114.40%.

Oneiro Energy ROCE % Historical Data

The historical data trend for Oneiro 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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Oneiro Energy ROCE % Chart

Oneiro Energy Annual Data

Trend

Jan22

Jan23

ROCE %

-71.72

-227.00

Oneiro Energy Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23
ROCE %	-	-102.46	-150.28	-479.28	-114.40

Oneiro Energy ROCE % Calculation

Oneiro Energy's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-0.269	/	( ( (0.255 - 0.011)	+	(0.041 - 0.048) )	/ 2 )
	=	-0.269	/	( (0.244	+	-0.007)	/ 2 )
	=	-0.269	/	0.1185
	=	-227.00 %

Oneiro Energy's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	-0.556	/	( ( (0.041 - 0.048)	+	(1.036 - 0.057) )	/ 2 )
	=	-0.556	/	( ( -0.007	+	0.979 )	/ 2 )
	=	-0.556	/	0.486
	=	-114.40 %

(1) Note: The EBIT data used here is two times the semi-annual (Jul. 2023) EBIT data.

Oneiro Energy (LSE:ONE) 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.

Oneiro Energy ROCE % Related Terms

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Oneiro Energy (LSE:ONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Oneiro Energy PLC (LSE:ONE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Mayfair Place, Devonshire House, London, GBR, W1J 8AJ

Website

https://www.oneiro.energy

Oneiro Energy PLC is a special-purpose acquisition vehicle that will focus on acquisition opportunities within the broad energy industry, in particular on upstream oil and gas exploration or appraisal opportunities.