Lycos Energy (TSXV:LCX) ROCE % : -2.57% (As of Mar. 2024)

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What is Lycos 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. Lycos Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.57%.

Lycos Energy ROCE % Historical Data

The historical data trend for Lycos 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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Lycos Energy ROCE % Chart

Lycos Energy Annual Data

Trend

Oct21

Oct22

Dec23

ROCE %

17.48

Lycos Energy Quarterly Data
	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					30.81	1.94	9.86	8.63	-2.57

Lycos Energy ROCE % Calculation

Lycos 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: Oct. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Oct. 2022 )		(A: Dec. 2023 )
	=	17.16	/	( ( (0.106 - 0.347)	+	(262.647 - 66.034) )	/ 2 )
	=	17.16	/	( (-0.241	+	196.613)	/ 2 )
	=	17.16	/	98.186
	=	17.48 %

Lycos 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 )
	=	-5.056	/	( ( (262.647 - 66.034)	+	(275.472 - 79.073) )	/ 2 )
	=	-5.056	/	( ( 196.613	+	196.399 )	/ 2 )
	=	-5.056	/	196.506
	=	-2.57 %

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

Lycos Energy (TSXV:LCX) 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.

Lycos Energy ROCE % Related Terms

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Lycos Energy (TSXV:LCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lycos Energy Inc (TSXV:LCX) » Definitions » ROCE %

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G4P0:Germany

Address

333 7 Avenue SW, Calgary, AB, CAN, T2P 2Z1

Website

https://www.lycosenergy.com

Lycos Energy Inc is an oil-focused, exploration, development, and production company based in Calgary, Alberta, operating high-quality, heavy-oil, development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area.

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