Israel Opportunity Energy Resources LP (XTAE:ISOP) ROCE % : -14.20% (As of Dec. 2023)

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What is Israel Opportunity Energy Resources LP 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. Israel Opportunity Energy Resources LP's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.20%.

Israel Opportunity Energy Resources LP ROCE % Historical Data

The historical data trend for Israel Opportunity Energy Resources LP'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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Israel Opportunity Energy Resources LP ROCE % Chart

Israel Opportunity Energy Resources LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-42.21

-29.32

-16.06

-18.80

-13.87

Israel Opportunity Energy Resources LP Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-20.54	-21.08	-16.12	-13.56	-14.20

Israel Opportunity Energy Resources LP ROCE % Calculation

Israel Opportunity Energy Resources LP'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 )
	=	-3.407	/	( ( (27.052 - 0.705)	+	(23.265 - 0.477) )	/ 2 )
	=	-3.407	/	( (26.347	+	22.788)	/ 2 )
	=	-3.407	/	24.5675
	=	-13.87 %

Israel Opportunity Energy Resources LP's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-3.362	/	( ( (25.013 - 0.436)	+	(23.265 - 0.477) )	/ 2 )
	=	-3.362	/	( ( 24.577	+	22.788 )	/ 2 )
	=	-3.362	/	23.6825
	=	-14.20 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Israel Opportunity Energy Resources LP (XTAE:ISOP) 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.

Israel Opportunity Energy Resources LP ROCE % Related Terms

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Israel Opportunity Energy Resources LP (XTAE:ISOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Israel Opportunity Energy Resources LP (XTAE:ISOP) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2 Ben Gurion Road, Ramat Gan, ISR, 52573

Website

http://www.oilandgas.co.il

Israel Opportunity Energy Resources LP is engaged in exploration, development and production of oil and gas. It holds participation rights in marine and land assets in Israel, which provide exposure to Israel's deep water potential.

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