Zenith Energy (LSE:ZEN) ROCE % : -7.18% (As of Sep. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Zenith 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. Zenith Energy's annualized ROCE % for the quarter that ended in Sep. 2023 was -7.18%.

Zenith Energy ROCE % Historical Data

The historical data trend for Zenith 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.

* Premium members only.

Zenith Energy ROCE % Chart

Zenith Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

-0.65

2.15

7.73

42.61

-4.12

Zenith Energy 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															103.95	-2.96	1.48	-9.05	-7.18

Zenith Energy ROCE % Calculation

Zenith Energy's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-5.688	/	( ( (155.457 - 18.947)	+	(158.327 - 18.764) )	/ 2 )
	=	-5.688	/	( (136.51	+	139.563)	/ 2 )
	=	-5.688	/	138.0365
	=	-4.12 %

Zenith Energy'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 )
	=	-9.948	/	( ( (158.327 - 18.764)	+	(156.27 - 18.647) )	/ 2 )
	=	-9.948	/	( ( 139.563	+	137.623 )	/ 2 )
	=	-9.948	/	138.593
	=	-7.18 %

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

Zenith Energy (LSE:ZEN) 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.

Zenith Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Zenith Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zenith Energy (LSE:ZEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zenith Energy Ltd (LSE:ZEN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZENAF:USA ZENA:Norway ZCL:Germany

Address

421 - 7th Avenue SW, Suite 4000, Calgary, AB, CAN, T2P 4K9

Website

https://www.zenithenergy.ca

Zenith Energy Ltd is an international independent oil and gas company with production, exploration and development assets in the Republic of the Congo, Italy and Tunisia. The company's strategic focus is the development of proven revenue generating oil production assets, as well as low-risk exploration activities in assets with existing production.