Tidelands Royalty Trust B (Tidelands Royalty Trust B) ROCE % : -7.81% (As of Sep. 2018)

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What is Tidelands Royalty Trust B 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. Tidelands Royalty Trust B's annualized ROCE % for the quarter that ended in Sep. 2018 was -7.81%.

Tidelands Royalty Trust B ROCE % Historical Data

The historical data trend for Tidelands Royalty Trust B'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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Tidelands Royalty Trust B ROCE % Chart

Tidelands Royalty Trust B Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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72.92

82.81

41.62

17.18

5.21

Tidelands Royalty Trust B Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
ROCE %	Get a 7-Day Free Trial															-	1.71	15.80	-20.92	-7.81

Tidelands Royalty Trust B ROCE % Calculation

Tidelands Royalty Trust B's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	0.025	/	( ( (0.524 - 0.036)	+	(0.471 - 0) )	/ 2 )
	=	0.025	/	( (0.488	+	0.471)	/ 2 )
	=	0.025	/	0.4795
	=	5.21 %

Tidelands Royalty Trust B's ROCE % of for the quarter that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	-0.036	/	( ( (0.467 - 0.002)	+	(0.459 - 0.002) )	/ 2 )
	=	-0.036	/	( ( 0.465	+	0.457 )	/ 2 )
	=	-0.036	/	0.461
	=	-7.81 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

Tidelands Royalty Trust B (OTCPK:TIRTZ) 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.

Tidelands Royalty Trust B ROCE % Related Terms

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Tidelands Royalty Trust B (Tidelands Royalty Trust B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidelands Royalty Trust B (OTCPK:TIRTZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o The Corporate Trustee Southwest Bank, 2911 Turtle Creek Boulevard, Dallas, TX, USA, 75219

Website

http://www.tirtz-tidelands.com

Tidelands Royalty Trust B is a U.S based royalty trust. It is not permitted to engage in any business activity because it was organized for the sole purpose of providing means for the administration and liquidation of rights to interests in oil, natural gas or other mineral leases obtained by Gulf Oil Corporation in a designated area of the Gulf of Mexico. The Trust through its subsidiary holds title to interests in properties that are situated offshore of Louisiana.

Tidelands Royalty Trust B (Tidelands Royalty Trust B) Headlines

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