Lansdowne Oil & Gas (FRA:L2J) ROCE % : -458.14% (As of Jun. 2023)

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What is Lansdowne Oil & Gas 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. Lansdowne Oil & Gas's annualized ROCE % for the quarter that ended in Jun. 2023 was -458.14%.

Lansdowne Oil & Gas ROCE % Historical Data

The historical data trend for Lansdowne Oil & Gas'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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Lansdowne Oil & Gas ROCE % Chart

Lansdowne Oil & Gas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-1.46

-0.89

-2.32

-0.56

-2.04

Lansdowne Oil & Gas 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															-1.71	0.58	-1.71	-2.39	-458.14

Lansdowne Oil & Gas ROCE % Calculation

Lansdowne Oil & Gas'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 )
	=	-0.36	/	( ( (19.236 - 1.535)	+	(18.823 - 1.274) )	/ 2 )
	=	-0.36	/	( (17.701	+	17.549)	/ 2 )
	=	-0.36	/	17.625
	=	-2.04 %

Lansdowne Oil & Gas'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 )
	=	-37.29	/	( ( (18.823 - 1.274)	+	(0.066 - 1.336) )	/ 2 )
	=	-37.29	/	( ( 17.549	+	-1.27 )	/ 2 )
	=	-37.29	/	8.1395
	=	-458.14 %

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

Lansdowne Oil & Gas (FRA:L2J) 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.

Lansdowne Oil & Gas ROCE % Related Terms

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Lansdowne Oil & Gas (FRA:L2J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lansdowne Oil & Gas PLC (FRA:L2J) » Definitions » ROCE %

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LOGP:UK

Address

C/o Pinsent Masons LLP, 30 Crown Place, London, GBR, EC2A 4ES

Website

https://www.lansdowneoilandgas.com

Lansdowne Oil & Gas PLC is an independent oil and gas exploration company. The company focuses on oil and gas exploration and appraisal opportunities in the North Celtic Sea Basin (NCSB) offshore southern Ireland. It has an interest in the Barryroe exploration license and Helvick exploration license. The group only reportable operating and geographic segment, which is the exploration for oil and gas reserves in Ireland.

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