Nabors Energy Transition (Nabors Energy Transition) ROCE % : -2.62% (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Nabors Energy Transition 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. Nabors Energy Transition's annualized ROCE % for the quarter that ended in Sep. 2023 was -2.62%.

Nabors Energy Transition ROCE % Historical Data

The historical data trend for Nabors Energy Transition'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.

* Premium members only.

Nabors Energy Transition ROCE % Chart

Nabors Energy Transition Annual Data

Trend

Dec21

Dec22

ROCE %

-0.69

Nabors Energy Transition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-0.30	-1.58	-5.19	-3.42	-2.62

Nabors Energy Transition ROCE % Calculation

Nabors Energy Transition's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.963	/	( ( (284.029 - 0.83)	+	(285.684 - 0.334) )	/ 2 )
	=	-1.963	/	( (283.199	+	285.35)	/ 2 )
	=	-1.963	/	284.2745
	=	-0.69 %

Nabors Energy Transition's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-2.656	/	( ( (106.397 - 5.324)	+	(107.05 - 5.12) )	/ 2 )
	=	-2.656	/	( ( 101.073	+	101.93 )	/ 2 )
	=	-2.656	/	101.5015
	=	-2.62 %

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

Nabors Energy Transition (NYSE:NETC) 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.

Nabors Energy Transition ROCE % Related Terms

Thank you for viewing the detailed overview of Nabors Energy Transition's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Nabors Energy Transition (Nabors Energy Transition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nabors Energy Transition Corp (NYSE:NETC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 West Greens Road, Suite 1200, Houston, TX, USA, 77067

Website

https://www.nabors-etcorp.com

Nabors Energy Transition Corp is a blank check company.

Executives

John Yearwood	director	HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Anthony G Petrello	director, 10 percent owner, officer: President, CEO and Secretary	NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200`, HOUSTON TX 77067
William J Restrepo	officer: Chief Financial Officer	P.O. BOX 60068, HOUSTON TX 77205-0068
Guillermo Sierra	officer: VP, Energy Transition	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Jennifer Gill Roberts	director	C/O SEVIN ROSEN FUNDS, 13455 NOEL ROAD, SUITE 1670, DALLAS TX 75240
Calhoun Colleen	director	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Siggi Meissner	officer: President, Eng. & Tech.	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Nabors Energy Transition Sponsor Llc	10 percent owner	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Greens Road Energy Llc	10 percent owner	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Nabors Lux 2 S.a.r.l.	10 percent owner	8-10 AVENUE DE LA GARE, LUXEMBOURG CITY N4 L-1610