Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) ROCE % : 54.45% (As of Dec. 2023)

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What is Chesapeake Granite Wash Trust 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. Chesapeake Granite Wash Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 54.45%.

Chesapeake Granite Wash Trust ROCE % Historical Data

The historical data trend for Chesapeake Granite Wash Trust'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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Chesapeake Granite Wash Trust ROCE % Chart

Chesapeake Granite Wash Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.04

19.43

53.64

117.74

76.55

Chesapeake Granite Wash Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															125.46	132.65	87.04	31.96	54.45

Chesapeake Granite Wash Trust ROCE % Calculation

Chesapeake Granite Wash Trust'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 )
	=	8.048	/	( ( (10.822 - 0)	+	(10.204 - 0) )	/ 2 )
	=	8.048	/	( (10.822	+	10.204)	/ 2 )
	=	8.048	/	10.513
	=	76.55 %

Chesapeake Granite Wash Trust'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	5.62	/	( ( (10.439 - 0)	+	(10.204 - 0) )	/ 2 )
	=	5.62	/	( ( 10.439	+	10.204 )	/ 2 )
	=	5.62	/	10.3215
	=	54.45 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Chesapeake Granite Wash Trust (OTCPK:CHKR) 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.

Chesapeake Granite Wash Trust ROCE % Related Terms

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Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chesapeake Granite Wash Trust (OTCPK:CHKR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

http://www.chkgranitewashtrust.com

Chesapeake Granite Wash Trust is a statutory trust which is formed to own the royalty interests for the benefit of trust unitholders. The Royalty Interests are derived from Chesapeake Energy Corporation's interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. The trust also has an interest in producing Wells and the development Wells. Majority revenue of the company comes from oil, natural gas and NGL.

Executives

Chesapeake Energy Corp	10 percent owner	6100 NORTH WESTERN AVE, OKLAHOMA CITY OK 73118
Chesapeake Exploration Llc	10 percent owner	6100 N. WESTERN AVENUE, PO BOX 18496, OKC OK 73154-0496