Fenikso (AQSE:FNK) ROCE % : -1.64% (As of Jun. 2023)

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What is Fenikso 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. Fenikso's annualized ROCE % for the quarter that ended in Jun. 2023 was -1.64%.

Fenikso ROCE % Historical Data

The historical data trend for Fenikso'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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Fenikso ROCE % Chart

Fenikso Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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3.41

-1.03

-7.34

-130.43

-20.61

Fenikso Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-0.73	-667.77	-1.45	-35.80	-1.64

Fenikso ROCE % Calculation

Fenikso's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-12.641	/	( ( (101.688 - 1.147)	+	(25.793 - 3.695) )	/ 2 )
	=	-12.641	/	( (100.541	+	22.098)	/ 2 )
	=	-12.641	/	61.3195
	=	-20.61 %

Fenikso's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.354	/	( ( (25.793 - 3.695)	+	(23.512 - 2.372) )	/ 2 )
	=	-0.354	/	( ( 22.098	+	21.14 )	/ 2 )
	=	-0.354	/	21.619
	=	-1.64 %

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

Fenikso (AQSE:FNK) 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.

Fenikso ROCE % Related Terms

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Fenikso (AQSE:FNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Fenikso Ltd (AQSE:FNK) » Definitions » ROCE %

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Traded in Other Exchanges

LEKOF:USA L5K:Germany

Address

Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman, CYM, KY1-9008

Website

https://www.feniksoplc.com

Fenikso Ltd, formerly Lekoil Ltd is functional in the upstream oil and gas industry in Nigeria. The company's business involves exploring potential oil and natural gas and processing of the acquired crude reserves. In collaboration with its subsidiaries including Lekoil Nigeria Limited, Lekoil Exploration and Production (Pty) Limited and Lekoil Management Corporation, the company operates in its assets, which are based in Nigeria such as the Otakikpo marginal field, Nigeria Dahomey Basin OPL310 and Nigeria Dahomey Basin OPL 325. The Otakikpo marginal field lies in a coastal swamp location in Oil Mining Lease (OML) 11. The OPL 310 license located in the Upper Cretaceous fairway, runs along the West African Transform Margin. Lekoil also has projects in Namibia, United States and Cayman.