Savannah Energy (LSE:SAVE) ROCE % : -1.83% (As of Jun. 2023)

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What is Savannah 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. Savannah Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was -1.83%.

Savannah Energy ROCE % Historical Data

The historical data trend for Savannah 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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Savannah Energy ROCE % Chart

Savannah Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-14.28

-16.22

8.67

7.98

3.14

Savannah Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial														9.10	5.32	6.68	-0.22	-1.83

Savannah Energy ROCE % Calculation

Savannah Energy's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	18.591	/	( ( (1014.137 - 483.134)	+	(1445.348 - 793.396) )	/ 2 )
	=	18.591	/	( (531.003	+	651.952)	/ 2 )
	=	18.591	/	591.4775
	=	3.14 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-12.118	/	( ( (1445.348 - 793.396)	+	(1201.608 - 527.358) )	/ 2 )
	=	-12.118	/	( ( 651.952	+	674.25 )	/ 2 )
	=	-12.118	/	663.101
	=	-1.83 %

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

Savannah Energy (LSE:SAVE) 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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Savannah Energy (LSE:SAVE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Savannah Energy PLC (LSE:SAVE) » Definitions » ROCE %

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Address

40 Bank Street, London, GBR, E14 5NR

Website

https://www.savannah-energy.com

Savannah Energy PLC is an energy producer in Nigeria and, via its controlling interest in the Accugas midstream business. It currently provides gas to power stations accounting for over 10% of Nigeria's power generation capacity and operates privately-owned gas transportation and distribution systems in sub-Saharan Africa. In Niger, it is focused on developing its flagship assets in the prolific Agadem Rift Basin, with plans to deliver the first oil in the near term. Its geographical segments are Nigeria, Cameroon, and Niger. It generates the majority of its revenue from Nigeria.