UK Oil & Gas (LSE:UKOG) ROCE % : -12.30% (As of Sep. 2023)

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What is UK 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. UK Oil & Gas's annualized ROCE % for the quarter that ended in Sep. 2023 was -12.30%.

UK Oil & Gas ROCE % Historical Data

The historical data trend for UK 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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UK Oil & Gas ROCE % Chart

UK Oil & Gas Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-12.85

-54.58

-12.81

-14.16

-9.74

UK Oil & Gas Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-19.77	-6.73	-21.95	-7.19	-12.30

UK Oil & Gas ROCE % Calculation

UK Oil & Gas's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-3.48	/	( ( (41.269 - 3.915)	+	(39.556 - 5.419) )	/ 2 )
	=	-3.48	/	( (37.354	+	34.137)	/ 2 )
	=	-3.48	/	35.7455
	=	-9.74 %

UK Oil & Gas's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-4.32	/	( ( (39.63 - 3.51)	+	(39.556 - 5.419) )	/ 2 )
	=	-4.32	/	( ( 36.12	+	34.137 )	/ 2 )
	=	-4.32	/	35.1285
	=	-12.30 %

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

UK Oil & Gas (LSE:UKOG) 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.

UK Oil & Gas ROCE % Related Terms

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UK Oil & Gas (LSE:UKOG) Business Description

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

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0UK:Germany

Address

20 Primrose Street, 8th Floor, The Broadgate Tower, London, GBR, EC2A 2EW

Website

https://www.ukogplc.com

UK Oil & Gas PLC operates as an oil and gas exploration company. Its principal activity is to acquire a portfolio of direct and indirect interests in the exploration, development, and production of oil and gas assets. The company's current operational focus is on the UK and Turkey onshore sectors. Its current UK onshore portfolio consists of direct and indirect interests in six oil and gas exploration, appraisal, development, and production assets, all situated within the Weald and Purbeck-Wight Basins of southern England. The company has three reportable segments: Oil exploration and production which includes producing business activities; Oil exploration and evaluation which includes non-producing activities; Head Office, corporate and administrative, including parent company activities.

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