SilverBow Resources (STU:19W) ROCE % : 2.61% (As of Mar. 2024)

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What is SilverBow Resources 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. SilverBow Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.61%.

SilverBow Resources ROCE % Historical Data

The historical data trend for SilverBow Resources'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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SilverBow Resources ROCE % Chart

SilverBow Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.90

-34.60

20.62

36.04

22.78

SilverBow Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															34.67	11.99	3.31	48.61	2.61

SilverBow Resources ROCE % Calculation

SilverBow Resources'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 )
	=	423.148	/	( ( (1620.246 - 184.872)	+	(2507.502 - 227.823) )	/ 2 )
	=	423.148	/	( (1435.374	+	2279.679)	/ 2 )
	=	423.148	/	1857.5265
	=	22.78 %

SilverBow Resources's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	57.784	/	( ( (2507.502 - 227.823)	+	(2479.55 - 325.197) )	/ 2 )
	=	57.784	/	( ( 2279.679	+	2154.353 )	/ 2 )
	=	57.784	/	2217.016
	=	2.61 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

SilverBow Resources (STU:19W) 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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SilverBow Resources (STU:19W) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SilverBow Resources Inc (STU:19W) » Definitions » ROCE %

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SBOW:USA

Address

920 Memorial City Way, Suite 850, Houston, TX, USA, 77024

Website

https://www.sbow.com

SilverBow Resources Inc is an independent oil and gas company. The company is focused on acquiring and developing assets in the Eagle Ford Shale and Austin Chalk located in South Texas. The company's acreage position in each of its operating areas is highly contiguous and designed for optimal and efficient horizontal well development. Its reported oil and gas sales are comprised of revenues from oil, natural gas and natural gas liquids sales. Majority of revenue is generated from Webb County Gas field.

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