CROIC definition

CROIC means cash return on invested capital which is determined by dividing adjusted EBITDA by the gross carrying value of the Corporation’s oil and gas assets at a point in time. Adjusted EBITDA is calculated as profit or loss before interest, income taxes, depletion and depreciation, adjusted for certain non-cash and extraordinary items primarily relating to unrealized gains and losses on risk management contracts. CROIC allows management and others to evaluate the Corporation’s capital spending efficiency and ability to generate profitable returns by measuring profit or loss relative to the capital employed in the business;
View Source
CROIC. 2 means cash return on invested capital which is determined by dividing adjusted EBITDA by the gross carrying value of the Corporation’s oil and gas assets at a point in time. CROIC allows management and others to evaluate the Corporation’s capital spending efficiency and ability to generate profitable returns by measuring profit or loss relative to the capital employed in the business;
View Source

Examples of CROIC in a sentence

  • On the Certification Date, the Committee shall certify the Company’s average CROIC for the Performance Period and, based on such CROIC, the percentage of the Target PRSUs that vest shall be determined in accordance with the table below, with CROIC linearly interpolated between the listed values.

  • CROIC shall be calculated as follows: Cash Flow from Operations (CF): equals the Company’s cumulative cash flow from operations for the Performance Period.

  • Average CROIC Percentage of Target PRSUs that Vest All unvested PRSUs subject to this Award that are outstanding as of the date immediately following the last day of the Performance Period shall be forfeited and cancelled for no consideration if they do not become vested as set forth above.

  • Average CROIC Percentage of Target PRSUs that Vest <17.8% 0% Exhibit A All unvested PRSUs subject to this Award that are outstanding as of the date immediately following the last day of the Performance Period shall be forfeited and cancelled for no consideration if they do not become vested as set forth above.

Related to CROIC

  • ROIC is an internally adjusted ratio based on Net Operating Profit After Taxes (NOPAT) / (debt + equity - cash) and is averaged for each year during the Measurement Period.

  • Peak tube potential means the maximum value of the potential difference across the x-ray tube during an exposure.

  • EPS means earnings per share.

  • CAGR means compound annual growth rate;

  • Company TSR means, for any Performance Period, the Company’s TSR for such Performance Period.