Calfrac Well Services (Calfrac Well Services) ROCE % : 6.15% (As of Dec. 2023)

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What is Calfrac Well Services 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. Calfrac Well Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.15%.

Calfrac Well Services ROCE % Historical Data

The historical data trend for Calfrac Well Services'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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Calfrac Well Services ROCE % Chart

Calfrac Well Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.51

-6.03

-10.76

8.88

27.21

Calfrac Well Services 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															28.12	26.96	44.21	6.15	1.37

Calfrac Well Services ROCE % Calculation

Calfrac Well Services'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 )
	=	172.422	/	( ( (732.98 - 149.946)	+	(839.443 - 155.338) )	/ 2 )
	=	172.422	/	( (583.034	+	684.105)	/ 2 )
	=	172.422	/	633.5695
	=	27.21 %

Calfrac Well Services's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	42.676	/	( ( (870.646 - 165.833)	+	(839.443 - 155.338) )	/ 2 )
	=	42.676	/	( ( 704.813	+	684.105 )	/ 2 )
	=	42.676	/	694.459
	=	6.15 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Calfrac Well Services (OTCPK:CFWFF) 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.

Calfrac Well Services ROCE % Related Terms

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Calfrac Well Services (Calfrac Well Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Calfrac Well Services Ltd (OTCPK:CFWFF) » Definitions » ROCE %

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CFW:Canada

Address

407 - 8th Avenue SW, Suite 500, Calgary, AB, CAN, T2P 1E5

Website

https://www.calfrac.com

Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other good completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.