Vital Energy (Vital Energy) ROCE % : -169.16% (As of Dec. 2023)

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What is Vital 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. Vital Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -169.16%.

Vital Energy ROCE % Historical Data

The historical data trend for Vital 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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Vital Energy ROCE % Chart

Vital Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.46

-71.31

83.14

27.87

-31.83

Vital Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-39.67	11.75	8.08	23.34	-169.16

Vital Energy ROCE % Calculation

Vital Energy'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 )
	=	-3.949	/	( ( (15.907 - 1.848)	+	(22.169 - 11.418) )	/ 2 )
	=	-3.949	/	( (14.059	+	10.751)	/ 2 )
	=	-3.949	/	12.405
	=	-31.83 %

Vital Energy'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 )
	=	-22.3	/	( ( (17.56 - 1.946)	+	(22.169 - 11.418) )	/ 2 )
	=	-22.3	/	( ( 15.614	+	10.751 )	/ 2 )
	=	-22.3	/	13.1825
	=	-169.16 %

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

Vital Energy (OTCPK:SNYXF) 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.

Vital Energy ROCE % Related Terms

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Vital Energy (Vital Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vital Energy Inc (OTCPK:SNYXF) » Definitions » ROCE %

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VUX:Canada

Address

634 - 6 Avenue S.W., Suite 620, Calgary, AB, CAN, T2P 0S4

Website

http://www.vitalenergyoil.com

Vital Energy Inc is a public junior oil and gas company based in Calgary, Alberta, focused on conventional crude oil exploration, development, and production in Western Canada. The company produces oil from the Gull Lake, Pennant, Baxter Lake areas. It generates all of its revenue from oil and gas sales.

Vital Energy (Vital Energy) Headlines

From GuruFocus

Vital Announces Changes to the Board of Directors

By GlobeNewswire GlobeNewswire • 04-01-2019

Vital Energy Inc. Project Areas – Status Update

By GlobeNewswire GlobeNewswire • 11-06-2018

Vital Energy Announces Appointment of New Director

By GlobeNewswire GlobeNewswire • 02-17-2023