Granite Ridge Resources (Granite Ridge Resources) ROCE % : 11.36% (As of Dec. 2023)

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What is Granite Ridge Resources 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. Granite Ridge Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.36%.

Granite Ridge Resources ROCE % Historical Data

The historical data trend for Granite Ridge Resources'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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Granite Ridge Resources ROCE % Chart

Granite Ridge Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-65.55

43.18

45.80

13.90

Granite Ridge Resources Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								38.19	25.35	7.02	11.71	11.36

Granite Ridge Resources ROCE % Calculation

Granite Ridge Resources'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 )
	=	110.897	/	( ( (794.777 - 64.134)	+	(927.104 - 62.079) )	/ 2 )
	=	110.897	/	( (730.643	+	865.025)	/ 2 )
	=	110.897	/	797.834
	=	13.90 %

Granite Ridge Resources'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 )
	=	97.452	/	( ( (920.614 - 69.83)	+	(927.104 - 62.079) )	/ 2 )
	=	97.452	/	( ( 850.784	+	865.025 )	/ 2 )
	=	97.452	/	857.9045
	=	11.36 %

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

Granite Ridge Resources (NYSE:GRNT) 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.

Granite Ridge Resources ROCE % Related Terms

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Granite Ridge Resources (Granite Ridge Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Ridge Resources Inc (NYSE:GRNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Y60:Germany

Address

5217 McKinney Avenue, Suite 400, Dallas, TX, USA, 75205

Website

https://www.graniteridge.com

Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific US basins in partnership with proven operators.

Executives

Matthew Reade Miller	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Griffin Perry	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Thaddeus Darden	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
John Mccartney	director	US ROBOTICS INC, 8100 MCCORMICK BLVD, SKOKIE IL 60076
Tyler Farquharson	officer: Chief Financial Officer	12377 MERIT DRIVE, SUITE 1700, LB 82, DALLAS TX 75251
Kirk Lazarine	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Iii, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Luke C Brandenberg	officer: President and CEO	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Michele J Everard	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Zoran Durkovic	officer: Chief Accounting Officer	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Ii, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Amanda N. Coussens	director	C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Grey Rock Energy Fund Ii-b, Lp	10 percent owner	2911 TURTLE CREEK BLVD, SUITE 1150, DALLAS TX 75219
Grey Rock Energy Partners Gp Ii, L.p.	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Holdco Iii-b Holdings, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205