Block Energy (LSE:BLOE) ROCE % : -2.24% (As of Jun. 2023)

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What is Block 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. Block Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was -2.24%.

Block Energy ROCE % Historical Data

The historical data trend for Block 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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Block Energy ROCE % Chart

Block Energy Annual Data

Trend

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

ROCE %

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-44.79

-36.50

-28.22

-16.64

-5.93

Block Energy Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial								-13.37	-19.73	4.67	-15.61	-2.24

Block Energy ROCE % Calculation

Block Energy'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 )
	=	-1.265	/	( ( (23.256 - 2.903)	+	(25.136 - 2.805) )	/ 2 )
	=	-1.265	/	( (20.353	+	22.331)	/ 2 )
	=	-1.265	/	21.342
	=	-5.93 %

Block Energy'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 )
	=	-0.51	/	( ( (25.136 - 2.805)	+	(25.422 - 2.297) )	/ 2 )
	=	-0.51	/	( ( 22.331	+	23.125 )	/ 2 )
	=	-0.51	/	22.728
	=	-2.24 %

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

Block Energy (LSE:BLOE) 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.

Block Energy ROCE % Related Terms

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Block Energy (LSE:BLOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Block Energy PLC (LSE:BLOE) » Definitions » ROCE %

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BE9:Germany

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.blockenergy.co.uk

Block Energy PLC is an oil exploration, development and production company whose main country of operation is the Republic of Georgia. Its segments include Oil extraction in Georgia and the Corporate function. The company has interests in the Norio oil field, Satskhenisi, and West Rustavi field.

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