Athabasca Oil (TSX:ATH) ROCE % : 12.42% (As of Mar. 2024)

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What is Athabasca Oil 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. Athabasca Oil's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.42%.

Athabasca Oil ROCE % Historical Data

The historical data trend for Athabasca Oil'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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Athabasca Oil ROCE % Chart

Athabasca Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.27

-36.12

38.59

13.95

-0.35

Athabasca Oil 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															-12.12	15.91	-17.93	13.60	12.42

Athabasca Oil ROCE % Calculation

Athabasca Oil'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 )
	=	-6.743	/	( ( (2230.354 - 274.469)	+	(2048.635 - 185.127) )	/ 2 )
	=	-6.743	/	( (1955.885	+	1863.508)	/ 2 )
	=	-6.743	/	1909.6965
	=	-0.35 %

Athabasca Oil'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 )
	=	239.724	/	( ( (2048.635 - 185.127)	+	(2208.094 - 212.737) )	/ 2 )
	=	239.724	/	( ( 1863.508	+	1995.357 )	/ 2 )
	=	239.724	/	1929.4325
	=	12.42 %

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

Athabasca Oil (TSX:ATH) 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.

Athabasca Oil ROCE % Related Terms

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Athabasca Oil (TSX:ATH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Athabasca Oil Corp (TSX:ATH) » Definitions » ROCE %

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ATHOF:USA ATI:Germany

Address

215 - 9th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 1K3

Website

https://www.atha.com

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.

Executives

Athabasca Oil Corporation

Issuer