WPX Energy (WPX Energy) ROCE % : -6.08% (As of Sep. 2020)

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What is WPX 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. WPX Energy's annualized ROCE % for the quarter that ended in Sep. 2020 was -6.08%.

WPX Energy ROCE % Historical Data

The historical data trend for WPX 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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WPX Energy ROCE % Chart

WPX Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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2.72

-11.58

1.20

6.45

6.49

WPX Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial															10.46	-6.31	-10.46	-20.69	-6.08

WPX Energy ROCE % Calculation

WPX Energy's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	487	/	( ( (8203 - 715)	+	(8413 - 898) )	/ 2 )
	=	487	/	( (7488	+	7515)	/ 2 )
	=	487	/	7501.5
	=	6.49 %

WPX Energy's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	-528	/	( ( (9858 - 1110)	+	(9501 - 887) )	/ 2 )
	=	-528	/	( ( 8748	+	8614 )	/ 2 )
	=	-528	/	8681
	=	-6.08 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

WPX Energy (NYSE:WPX) 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.

WPX Energy ROCE % Related Terms

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WPX Energy (WPX Energy) Business Description

Industry

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

Comparable Companies

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Address

3500 One Williams Center, Tulsa, OK, USA, 74172-0172

Website

https://www.wpxenergy.com

WPX Energy, based in Tulsa, Oklahoma, is an unconventional oil and gas producer with acreage in the Williston Basin (Bakken), the Permian Basin, and the Rockies. At the end of 2019, the company reported net proven reserves of 528 million barrels of oil equivalent. Net production averaged 167 thousand barrels of oil equivalent per day in 2019, at a ratio of 79% liquids and 21% natural gas.

Executives

Bryan K Guderian	officer: EVP Business Development	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
J Kevin Vann	officer: EVP CFO	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Faulkner Stephen L Jr	officer: VP Controller and CAO	3500 ONE WILLIAMS CENTER, TULSA OK 74172
Encap Energy Capital Fund X, L.p.	director, 10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Encap Partners Gp, Llc	director, 10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Felix Energy Investments Ii, Llc	director, 10 percent owner	1530 16TH STREET, SUITE 500, DENVER CO 80202
Felix Investments Holdings Ii, Llc	director, 10 percent owner	1530 16TH STREET, SUITE 500, DENVER CO 80202
Karl F Kurz	director	DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Swanson Douglas E Jr	director	1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002
D Martin Phillips	director	1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002
Kimberly S Lubel	director	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Kelt Kindick	director	DEVON ENERGY CORP, 333 W SHERIDAN AVE, OKLAHOMA CITY OK 73102
Valerie Williams	director	C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
John A Carrig	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Robert Herdman	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172