Antero Resources (LTS:0A71) ROCE % : 2.91% (As of Mar. 2024)

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What is Antero Resources 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. Antero Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.91%.

Antero Resources ROCE % Historical Data

The historical data trend for Antero Resources'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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Antero Resources ROCE % Chart

Antero Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.97

-11.08

-0.39

21.51

4.37

Antero Resources 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															11.30	-2.27	2.54	5.84	2.91

Antero Resources ROCE % Calculation

Antero Resources'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 )
	=	535.708	/	( ( (14118.039 - 1774.909)	+	(13619.414 - 1452.091) )	/ 2 )
	=	535.708	/	( (12343.13	+	12167.323)	/ 2 )
	=	535.708	/	12255.2265
	=	4.37 %

Antero Resources'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 )
	=	354.028	/	( ( (13619.414 - 1452.091)	+	(13548.494 - 1382.903) )	/ 2 )
	=	354.028	/	( ( 12167.323	+	12165.591 )	/ 2 )
	=	354.028	/	12166.457
	=	2.91 %

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

Antero Resources (LTS:0A71) 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.

Antero Resources ROCE % Related Terms

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Antero Resources (LTS:0A71) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Antero Resources Corp (LTS:0A71) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AR:USA 7A6:Germany

Address

1615 Wynkoop Street, Denver, CO, USA, 80202

Website

https://www.anteroresources.com

Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2022, the company reported proven reserves of 17.8 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,205 million cubic feet of equivalent a day in 2022 at a ratio of 32% liquids and 68% natural gas.

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