Carbon Energy (Carbon Energy) ROCE % : -97.03% (As of Jun. 2020)

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What is Carbon 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. Carbon Energy's annualized ROCE % for the quarter that ended in Jun. 2020 was -97.03%.

Carbon Energy ROCE % Historical Data

The historical data trend for Carbon 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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Carbon Energy ROCE % Chart

Carbon Energy Annual Data

Trend

Mar10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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-29.11

-42.69

18.73

12.19

4.67

Carbon Energy Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
ROCE %	Get a 7-Day Free Trial															16.53	11.51	-4.33	28.36	-97.03

Carbon Energy ROCE % Calculation

Carbon Energy's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	11.847	/	( ( (310.891 - 52.855)	+	(298.254 - 48.718) )	/ 2 )
	=	11.847	/	( (258.036	+	249.536)	/ 2 )
	=	11.847	/	253.786
	=	4.67 %

Carbon Energy's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	-190.816	/	( ( (308.386 - 40.8)	+	(140.27 - 14.535) )	/ 2 )
	=	-190.816	/	( ( 267.586	+	125.735 )	/ 2 )
	=	-190.816	/	196.6605
	=	-97.03 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

Carbon Energy (OTCPK:CRBO) 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.

Carbon Energy ROCE % Related Terms

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Carbon Energy (Carbon Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Carbon Energy Corp (OTCPK:CRBO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Broadway, Suite 1170, Denver, CO, USA, 80290

Website

https://www.carbonenergycorp.com

Carbon Energy Corp is an independent natural gas and oil company engaged in the acquisition, exploration, development, and production of oil, natural gas and natural gas liquids properties located in the United States. The company operates in Kentucky, Ohio, Tennessee, Virginia, and West Virginia, California, Illinois, and Indiana.

Executives

Patrick R Mcdonald	director, officer: CHIEF EXECUTIVE OFFICER	CARBON NATURAL GAS COMPANY 1700 BROADWAY, SUITE #1170 DENVER CO 80290
Erich W. Kirsch	officer: PFO and PAO	1700 BROADWAY SUITE 1170 DENVER CO 80290
Mark Duane Pierce	officer: PRESIDENT	1700 BROADWAY, SUITE 1170 DENVER CO 80290
Kevin D Struzeski	officer: CHIEF FINANCIAL OFFICER	C/O CARBON ENERGY CORP 1700 BROADWAY STE. 1150 DENVER CO 80290
John A Bailey	director	64 PERCH BAY WACCABUC NY 10597
Bryan H Lawrence	director	C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201
Peter A Leidel	director
Edwin H Morgens	director	C/O MORGENS WATERFALL VINTIADIS & CO, 600 5TH AVE, NEW YORK NY 10020
David H Kennedy	director	23 LAKESIDE AVE DARIEN CT 06820
James H Brandi	director	PO BOX 321, OKLAHOMA CITY OK 73101
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Yorktown Energy Partners Xi, L.p.	10 percent owner	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Yorktown Xi Associates Llc	10 percent owner	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Arbiter Partners Capital Management Llc	10 percent owner	530 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10036
Marxe Austin W & Greenhouse David M	10 percent owner	C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022

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