Ring Energy (Ring Energy) ROCE % : 5.47% (As of Mar. 2024)

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What is Ring 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. Ring Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.47%.

Ring Energy ROCE % Historical Data

The historical data trend for Ring 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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Ring Energy ROCE % Chart

Ring Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.00

-31.39

2.90

19.62

12.46

Ring Energy 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															15.14	11.22	0.14	22.75	5.47

Ring Energy ROCE % Calculation

Ring Energy'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 )
	=	148.917	/	( ( (1269 - 141.795)	+	(1376.496 - 113.808) )	/ 2 )
	=	148.917	/	( (1127.205	+	1262.688)	/ 2 )
	=	148.917	/	1194.9465
	=	12.46 %

Ring Energy'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 )
	=	69.128	/	( ( (1376.496 - 113.808)	+	(1384.684 - 118.423) )	/ 2 )
	=	69.128	/	( ( 1262.688	+	1266.261 )	/ 2 )
	=	69.128	/	1264.4745
	=	5.47 %

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

Ring Energy (AMEX:REI) 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.

Ring Energy ROCE % Related Terms

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Ring Energy (Ring Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ring Energy Inc (AMEX:REI) » Definitions » ROCE %

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Traded in Other Exchanges

KWE1:Germany

Address

1725 Hughes Landing Boulevard, Suite 900, The Woodlands, TX, USA, 77380

Website

https://www.ringenergy.com

Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.

Executives

John A Crum	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Paul D. Mckinney	director, officer: CEO and Chairman of the Board	1177 WEST LOOP SOUTH, SUITE 1825, HOUSTON TX 77027
Anthony Benedict Petrelli	director	6250 RAIN DANCE TRAIL, LITTLETON CO 80125
Stronghold Energy Ii Operating, Llc	10 percent owner	508 W. WALL STREET, SUITE %%), MIDLAND TX 79701
Warburg Pincus & Co Us, Llc	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii Llc	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
Richard E Harris	director	2000 CHARWOOD DR, APT 2502, COLUMBUS IN 47201
William T Kruse	10 percent owner	1340 S MAIN ST., STE 300, GRAPEVINE TX 76051
David Habachy	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii, L.p.	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-d (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Wp Xii (e&p) Partners (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-2, L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Xii (e&p) Partners-1, L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xii-e (a), L.p.	10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON, NEW YORK NY 10017