Vitesse Energy (Vitesse Energy) ROCE % : -0.41% (As of Mar. 2024)

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What is Vitesse 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. Vitesse Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.41%.

Vitesse Energy ROCE % Historical Data

The historical data trend for Vitesse 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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Vitesse Energy ROCE % Chart

Vitesse Energy Annual Data

Trend

Nov19

Nov20

Nov21

Dec22

Dec23

ROCE %

-0.69

3.59

20.41

7.14

Vitesse Energy Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-3.90	10.63	-0.67	21.89	-0.41

Vitesse Energy ROCE % Calculation

Vitesse 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 )
	=	47.478	/	( ( (660.484 - 36.679)	+	(765.97 - 60.403) )	/ 2 )
	=	47.478	/	( (623.805	+	705.567)	/ 2 )
	=	47.478	/	664.686
	=	7.14 %

Vitesse Energy'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 )
	=	-2.856	/	( ( (765.97 - 60.403)	+	(749.731 - 52.383) )	/ 2 )
	=	-2.856	/	( ( 705.567	+	697.348 )	/ 2 )
	=	-2.856	/	701.4575
	=	-0.41 %

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

Vitesse Energy (NYSE:VTS) 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.

Vitesse Energy ROCE % Related Terms

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Vitesse Energy (Vitesse Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vitesse Energy Inc (NYSE:VTS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9200 E. Mineral Avenue, Suite 200, Centennial, CO, USA, 80112

Website

https://www.vitesse-vts.com

Vitesse Energy Inc is an independent energy company engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.

Executives

James P Henderson	officer: Chief Financial Officer	1625 BROADWAY, SUITE 250, DENVER CO 80202
Robert W Gerrity	director, officer: Chief Executive Officer	9200 E. MINERAL AVE., SUITE 200, CENTENNIAL CO 80112
Leary Dan O	director	10590 HAMILTON AVENUE, CINCINNATI OH 45231-0012
Joseph S Steinberg	director	C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Brian Cree	officer: President	9200 E. MINERAL AVE., SUITE 200, CENTENNIAL CO 80112
Christopher I Humber	officer: General Counsel and Secretary	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Brian P Friedman	director
Randy I Stein	director	1670 BROADWAY SUITE 2800, DENVER CO 80202
Linda Adamany	director	505 FRONT AVE., P.O. BOX "I", COEUR D'ALENE ID 83816
Cathleen M Osborn	director	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Jefferies Financial Group Inc.	10 percent owner	520 MADISON AVENUE, NEW YORK NY 10022
David R Macosko	officer: Chief Financial Officer	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Michael Sabol	officer: VP - SEC & Financial Reporting	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Mike Morella	officer: VP - Chief Accounting Officer	9200 E. MINERAL AVE., SUITE 200, CENTENNIAI CO 80112
Vitesse Energy Finance Llc	10 percent owner	520 MADISON AVENUE, NEW YORK NY 10022