Obsidian Energy (Obsidian Energy) ROCE % : 4.53% (As of Mar. 2024)

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What is Obsidian 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. Obsidian Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.53%.

Obsidian Energy ROCE % Historical Data

The historical data trend for Obsidian 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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Obsidian Energy ROCE % Chart

Obsidian Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-40.55

-88.89

67.55

40.56

8.68

Obsidian Energy 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															9.33	6.44	7.91	10.46	4.53

Obsidian Energy ROCE % Calculation

Obsidian 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 )
	=	128.652	/	( ( (1622.598 - 164.078)	+	(1677.4 - 171.437) )	/ 2 )
	=	128.652	/	( (1458.52	+	1505.963)	/ 2 )
	=	128.652	/	1482.2415
	=	8.68 %

Obsidian 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 )
	=	68.852	/	( ( (1677.4 - 171.437)	+	(1710.55 - 174.276) )	/ 2 )
	=	68.852	/	( ( 1505.963	+	1536.274 )	/ 2 )
	=	68.852	/	1521.1185
	=	4.53 %

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

Obsidian Energy (AMEX:OBE) 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.

Obsidian Energy ROCE % Related Terms

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Obsidian Energy (Obsidian Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Obsidian Energy Ltd (AMEX:OBE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

P13A:Germany P13A:Germany OBE:Canada

Address

207 - 9th Avenue SW, Suite 200, Calgary, AB, CAN, T2P 1K3

Website

https://www.obsidianenergy.com

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale.

Executives

Cheuk Fund Ho

other: Financial Investor (9.83%)

2906 CHINA RESOURCES BUILDING, WANCHAI K3 00000