Europa Oil & Gas (Holdings) (FRA:EGN) ROCE % : -11.12% (As of Jan. 2024)

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What is Europa Oil & Gas (Holdings) 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. Europa Oil & Gas (Holdings)'s annualized ROCE % for the quarter that ended in Jan. 2024 was -11.12%.

Europa Oil & Gas (Holdings) ROCE % Historical Data

The historical data trend for Europa Oil & Gas (Holdings)'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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Europa Oil & Gas (Holdings) ROCE % Chart

Europa Oil & Gas (Holdings) Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-5.04

-61.76

-10.15

14.71

-3.07

Europa Oil & Gas (Holdings) Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															24.51	13.17	-13.01	7.20	-11.12

Europa Oil & Gas (Holdings) ROCE % Calculation

Europa Oil & Gas (Holdings)'s annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.545	/	( ( (20.049 - 1.901)	+	(18.22 - 0.91) )	/ 2 )
	=	-0.545	/	( (18.148	+	17.31)	/ 2 )
	=	-0.545	/	17.729
	=	-3.07 %

Europa Oil & Gas (Holdings)'s ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	-1.876	/	( ( (18.22 - 0.91)	+	(19.951 - 3.534) )	/ 2 )
	=	-1.876	/	( ( 17.31	+	16.417 )	/ 2 )
	=	-1.876	/	16.8635
	=	-11.12 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

Europa Oil & Gas (Holdings) (FRA:EGN) 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.

Europa Oil & Gas (Holdings) ROCE % Related Terms

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Europa Oil & Gas (Holdings) (FRA:EGN) Business Description

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EOG:UK

Address

30 Newman Street, London, GBR, W1T 1PT

Website

https://www.europaoil.com

Europa Oil & Gas (Holdings) PLC is an oil and gas exploration, development, and production company. It has four reportable segments: The United Kingdom, Ireland, Morocco, and New Ventures. The company has a diverse portfolio of onshore and offshore oil and gas assets at various stages of the development cycle including exploration and production.