Victoria Oil & Gas Plc ROIC
What is the ROIC of Victoria Oil & Gas Plc?
The ROIC of Victoria Oil & Gas Plc is -5.31%
What is the definition of ROIC?
Return on invested capital (ROIC) is a financial ratio that measures how efficient a company is at allocating the capital under its control to profitable investments.
= NOPAT / Invested capital = EBIT * (1 - tax rate) / (2-year average liabilities + 2-year average shareholder equity)
Return on invested capital (ROIC) ratio gives investors a sense of how well a company is using money under its control to generate profitable returns.
ROIC can be used as a benchmark to calculate the valuation of companies across industries. A higher ROIC means the company is doing a better job of investing the money from shareholders and bondholders to run the business. A company is creating value if its ROIC exceeds 2%. If its ROIC is under 2%, the company is likely destroying value and has no excess capital to invest in future growth.
You can calculate ROIC with the following formula:
NOPAT = Net operating profit after tax
Invested Capital = Average total liabilities + Average shareholders' equity
The averages of liabilities and shareholders' equity are calculated as geometrical averages of the last two annual values from the company's balance sheet.
ROIC of companies in the Energy sector on LSE compared to Victoria Oil & Gas Plc
What does Victoria Oil & Gas Plc do?
Victoria Oil & Gas Plc engages in the exploration, development, and production of oil and gas in in West Africa and Russia. The company holds 57% interest in the Logbaba gas and condensate project, which covers an area of 20 square kilometers located in Cameroon; and 75% interest in the Matanda Block covering an area of 1,235 square kilometers located in Cameroon. It also delivers gas to grid power, thermal, and industrial power customers through its 51 km gas distribution pipeline network in Douala. In addition, the company is involved in the development, production, and the sale of hydrocarbons and related activities. Victoria Oil & Gas Plc was incorporated in 2004 and is based in London, the United Kingdom.
Companies with roic similar to Victoria Oil & Gas Plc
- C&C Plc has ROIC of -5.34%
- Shiva Cement has ROIC of -5.33%
- Fidelity Special Values PLC has ROIC of -5.33%
- Misonix Inc has ROIC of -5.33%
- Libbey has ROIC of -5.32%
- AiHuiShou International Co has ROIC of -5.31%
- Victoria Oil & Gas Plc has ROIC of -5.31%
- Wallbridge Mining Co has ROIC of -5.30%
- Angold Resources has ROIC of -5.30%
- ADM plc has ROIC of -5.30%
- Xinjiang Tianye Water Saving Irrigation System has ROIC of -5.30%
- American Superconductor has ROIC of -5.29%
- Gogold Resources has ROIC of -5.29%