Wildcat Petroleum (LSE:WCAT) ROCE % : 108.26% (As of Dec. 2023)

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What is Wildcat Petroleum 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. Wildcat Petroleum's annualized ROCE % for the quarter that ended in Dec. 2023 was 108.26%.

Wildcat Petroleum ROCE % Historical Data

The historical data trend for Wildcat Petroleum'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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Wildcat Petroleum ROCE % Chart

Wildcat Petroleum Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-119.07

-242.59

Wildcat Petroleum Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-113.51	-173.30	-175.38	-139.34	108.26

Wildcat Petroleum ROCE % Calculation

Wildcat Petroleum's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.262	/	( ( (0.18 - 0.072)	+	(0.154 - 0.046) )	/ 2 )
	=	-0.262	/	( (0.108	+	0.108)	/ 2 )
	=	-0.262	/	0.108
	=	-242.59 %

Wildcat Petroleum's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0.262	/	( ( (0.154 - 0.046)	+	(0.44 - 0.064) )	/ 2 )
	=	0.262	/	( ( 0.108	+	0.376 )	/ 2 )
	=	0.262	/	0.242
	=	108.26 %

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

Wildcat Petroleum (LSE:WCAT) 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.

Wildcat Petroleum ROCE % Related Terms

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Wildcat Petroleum (LSE:WCAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wildcat Petroleum PLC (LSE:WCAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8Y6:Germany

Address

Belmont House, Belmont Road, Third Floor, Suite Asco-303, Uxbridge, London, GBR, UB8 1HE

Website

https://www.wildcatpetroleum.co.uk

Wildcat Petroleum PLC is engaged in the upstream sector of the petroleum industry such as exploration, appraisal, development and production of oil and gas.

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