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0 0.00120882441825322 0.00151103052281647 0.009670595346026 0.0142036869144756 0 0.0134481716530674 -0.00746557872469028
Stock impact report

Ovintiv (NYSE:OVV) Is Looking To Continue Growing Its Returns On Capital [Yahoo! Finance]

Ovintiv Inc. (DE) (OVV) 
Last ovintiv inc. (de) earnings: 2/19 08:54 pm Check Earnings Report
Company Research Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Ovintiv NYSE:OVV ) and its trend of ROCE, we really liked what we saw. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Ovintiv, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.12 = US$2.1b ÷ (US$19b - US$2.7b) (Based on the trailing twelve months to December 2024) Therefore, Ovintiv has an ROCE of 12%. On its own, that's a standard Show less Read more
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