NuVista Energy (TSX:NVA) ROCE % : 7.72% (As of Mar. 2024)

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What is NuVista 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. NuVista Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.72%.

NuVista Energy ROCE % Historical Data

The historical data trend for NuVista 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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NuVista Energy ROCE % Chart

NuVista Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.27

-9.90

18.53

35.60

18.74

NuVista 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															17.76	18.35	22.07	17.09	7.72

NuVista Energy ROCE % Calculation

NuVista 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 )
	=	512.664	/	( ( (2821.666 - 216.362)	+	(3058.053 - 192.293) )	/ 2 )
	=	512.664	/	( (2605.304	+	2865.76)	/ 2 )
	=	512.664	/	2735.532
	=	18.74 %

NuVista 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 )
	=	223.344	/	( ( (3058.053 - 192.293)	+	(3134.976 - 213.287) )	/ 2 )
	=	223.344	/	( ( 2865.76	+	2921.689 )	/ 2 )
	=	223.344	/	2893.7245
	=	7.72 %

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

NuVista Energy (TSX:NVA) 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.

NuVista Energy ROCE % Related Terms

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NuVista Energy (TSX:NVA) Business Description

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NUVSF:USA

Address

525 - 8th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 1G1

Website

https://nvaenergy.com

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista. To better service assets and production in this area, the firm operates compressor and dehydration stations.

Executives

Paramount Resources Ltd.

10% Security Holder

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