Whitecap Resources (TSX:WCP) ROCE % : 4.58% (As of Mar. 2024)

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What is Whitecap Resources 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. Whitecap Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.58%.

Whitecap Resources ROCE % Historical Data

The historical data trend for Whitecap Resources'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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Whitecap Resources ROCE % Chart

Whitecap Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.77

-56.82

50.57

30.27

14.14

Whitecap Resources 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															17.26	11.97	10.45	18.48	4.58

Whitecap Resources ROCE % Calculation

Whitecap Resources'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 )
	=	1259.3	/	( ( (9529.8 - 754.2)	+	(9602.2 - 567.6) )	/ 2 )
	=	1259.3	/	( (8775.6	+	9034.6)	/ 2 )
	=	1259.3	/	8905.1
	=	14.14 %

Whitecap Resources'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 )
	=	412	/	( ( (9602.2 - 567.6)	+	(9658.2 - 696) )	/ 2 )
	=	412	/	( ( 9034.6	+	8962.2 )	/ 2 )
	=	412	/	8998.4
	=	4.58 %

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

Whitecap Resources (TSX:WCP) 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.

Whitecap Resources ROCE % Related Terms

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Whitecap Resources (TSX:WCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Whitecap Resources Inc (TSX:WCP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPGYF:USA J6I:Germany

Address

3800, 525 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.wcap.ca

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the revenue generator out of the basket of energy products sold by Whitecap.

Executives

Grant Bradley Fagerheim

Director, Senior Officer

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