Scirocco Energy (LSE:SCIR) ROCE % : -19.83% (As of Jun. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Scirocco 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. Scirocco Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was -19.83%.

Scirocco Energy ROCE % Historical Data

The historical data trend for Scirocco 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.

* Premium members only.

Scirocco Energy ROCE % Chart

Scirocco Energy Annual Data

Trend

Jun12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-4.81

-8.51

-6.48

-11.49

-14.11

Scirocco Energy Semi-Annual Data
	Jun13	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															-7.69	-13.54	-9.40	-16.05	-19.83

Scirocco Energy ROCE % Calculation

Scirocco 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 )
	=	-1.782	/	( ( (15.493 - 0.344)	+	(13.436 - 3.334) )	/ 2 )
	=	-1.782	/	( (15.149	+	10.102)	/ 2 )
	=	-1.782	/	12.6255
	=	-14.11 %

Scirocco 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 )
	=	-1.942	/	( ( (13.436 - 3.334)	+	(13.454 - 3.965) )	/ 2 )
	=	-1.942	/	( ( 10.102	+	9.489 )	/ 2 )
	=	-1.942	/	9.7955
	=	-19.83 %

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

Scirocco Energy (LSE:SCIR) 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.

Scirocco Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Scirocco Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Scirocco Energy (LSE:SCIR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

JTJ2:Germany

Address

1 Park Row, Leeds, GBR, LS1 5AB

Website

https://www.sciroccoenergy.com

Scirocco Energy PLC, formerly Solo Oil PLC is an oil and gas exploration company. Its principal activities are to acquire a diverse portfolio of direct and indirect interests in the exploration, development and production of oil and gas assets which are based in the Americas, Europe, and Africa.

Scirocco Energy (LSE:SCIR) Headlines

No Headlines