Zefiro Methane (NEOE:ZEFI) ROCE % : -14.64% (As of Mar. 2024)

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What is Zefiro Methane 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. Zefiro Methane's annualized ROCE % for the quarter that ended in Mar. 2024 was -14.64%.

Zefiro Methane ROCE % Historical Data

The historical data trend for Zefiro Methane'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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Zefiro Methane ROCE % Chart

Zefiro Methane Annual Data

Trend

Jun22

Jun23

ROCE %

-10.31

Zefiro Methane Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				-99.96	98.81	-21.14	-39.47	-14.64

Zefiro Methane ROCE % Calculation

Zefiro Methane'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 )
	=	-1.318	/	( ( (1.306 - 0.099)	+	(30.797 - 6.446) )	/ 2 )
	=	-1.318	/	( (1.207	+	24.351)	/ 2 )
	=	-1.318	/	12.779
	=	-10.31 %

Zefiro Methane'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 )
	=	-3.824	/	( ( (34.707 - 9.254)	+	(36.85 - 10.055) )	/ 2 )
	=	-3.824	/	( ( 25.453	+	26.795 )	/ 2 )
	=	-3.824	/	26.124
	=	-14.64 %

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

Zefiro Methane (NEOE:ZEFI) 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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Zefiro Methane (NEOE:ZEFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zefiro Methane Corp (NEOE:ZEFI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Y6B:Germany

Address

550 Burrard Street, Suite 2501, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.zefiromethane.com

Zefiro Methane Corp is in the business of providing end-of-life solutions for industrial oil and gas operations that currently or potentially emit harmful greenhouse gas (GHG) emissions, specifically methane released from orphaned and abandoned oil and gas wells or associated midstream assets. The Company seeks to generate carbon credits, which can then be sold into carbon credit markets, by reducing methane emissions through the plugging of orphaned and abandoned oil and gas wells.

Executives

Talal Debs

Director, Senior Officer

Zefiro Methane (NEOE:ZEFI) Headlines

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