Coastal Energy Co (LSE:CEO) ROCE % : 49.68% (As of Sep. 2013)

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What is Coastal Energy Co 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. Coastal Energy Co's annualized ROCE % for the quarter that ended in Sep. 2013 was 49.68%.

Coastal Energy Co ROCE % Historical Data

The historical data trend for Coastal Energy Co'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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Coastal Energy Co ROCE % Chart

Coastal Energy Co Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

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-8.30

-1.74

8.58

31.90

76.95

Coastal Energy Co Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
ROCE %	Get a 7-Day Free Trial															59.82	64.40	74.30	28.01	49.68

Coastal Energy Co ROCE % Calculation

Coastal Energy Co's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	256.15	/	( ( (333.025 - 85.093)	+	(553.505 - 135.662) )	/ 2 )
	=	256.15	/	( (247.932	+	417.843)	/ 2 )
	=	256.15	/	332.8875
	=	76.95 %

Coastal Energy Co's ROCE % of for the quarter that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	273.596	/	( ( (620.021 - 90.301)	+	(693.048 - 121.227) )	/ 2 )
	=	273.596	/	( ( 529.72	+	571.821 )	/ 2 )
	=	273.596	/	550.7705
	=	49.68 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

Coastal Energy Co (LSE:CEO) 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.

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Coastal Energy Co (LSE:CEO) Business Description

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Website

http://www.CoastalEnergy.com

Coastal Energy Company was founded in 2004.The company is involved in the acquisition, exploration and development of oil and gas properties in the Gulf of Thailand and Malaysia. It is also involved in the acquisition, exploration and development of onshore petroleum properties in Thailand.