Sitio Royalties (Sitio Royalties) ROCE % : 3.42% (As of Mar. 2024)

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What is Sitio Royalties 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. Sitio Royalties's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.42%.

Sitio Royalties ROCE % Historical Data

The historical data trend for Sitio Royalties'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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Sitio Royalties ROCE % Chart

Sitio Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

4.16

7.10

0.66

Sitio Royalties Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								6.01	1.53	2.12	-7.42	3.42

Sitio Royalties ROCE % Calculation

Sitio Royalties'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 )
	=	32.434	/	( ( (5170.902 - 26.412)	+	(4758.801 - 31.775) )	/ 2 )
	=	32.434	/	( (5144.49	+	4727.026)	/ 2 )
	=	32.434	/	4935.758
	=	0.66 %

Sitio Royalties'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 )
	=	159.944	/	( ( (4758.801 - 31.775)	+	(4676.848 - 41.22) )	/ 2 )
	=	159.944	/	( ( 4727.026	+	4635.628 )	/ 2 )
	=	159.944	/	4681.327
	=	3.42 %

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

Sitio Royalties (NYSE:STR) 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.

Sitio Royalties ROCE % Related Terms

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Sitio Royalties (Sitio Royalties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sitio Royalties Corp (NYSE:STR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SB9:Germany

Address

1401 Lawrence Street, Suite 1750, Denver, CO, USA, 80202

Website

https://www.sitio.com

Sitio Royalties Corp is a pure-play mineral and royalty company. The group focuses on investing in mineral and royalty interests in the Permian and other productive U.S. oil basins.

Executives

Christopher L. Conoscenti	director, officer: Chief Executive Officer	1144 15TH STREET, SUITE 2650, DENVER CO 80202
Oaktree Holdings, Ltd.	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Management Lp	director, 10 percent owner	333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071
Ocm Fie, Llc	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bx Royal Aggregator Lp	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bcp Vi/bep Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Steven R Jones	director	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Claire Harvey	director	510 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10022
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Morris R Clark	director	CIVITAS RESOURCES, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Bam Partners Trust	director, 10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Alice E Gould	director	C/O COREPOINT LODGING INC., 909 HIDDEN RIDGE, SUITE 600, IRVING TX 75038
Michael J Downs	officer: Chief Operating Officer	1845 WALNUT STREET, SUITE 1111, PHILADELPHIA PA 19103
Stephen J. Pilatzke	officer: Chief Accounting Officer	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Bryan Gunderson	director, officer: CEO and President	510 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10022