Ranger Energy Services (FRA:97L) ROCE % : -0.66% (As of Mar. 2024)

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What is Ranger Energy 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. Ranger Energy Services's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.66%.

Ranger Energy Services ROCE % Historical Data

The historical data trend for Ranger Energy 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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Ranger Energy Services ROCE % Chart

Ranger Energy Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.21

-6.44

-1.37

8.04

11.04

Ranger Energy 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															11.90	11.68	15.25	5.84	-0.66

Ranger Energy Services ROCE % Calculation

Ranger Energy 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 )
	=	31.636	/	( ( (360.23 - 70.328)	+	(346.626 - 63.273) )	/ 2 )
	=	31.636	/	( (289.902	+	283.353)	/ 2 )
	=	31.636	/	286.6275
	=	11.04 %

Ranger Energy Services's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.84	/	( ( (346.626 - 63.273)	+	(327.06 - 53.36) )	/ 2 )
	=	-1.84	/	( ( 283.353	+	273.7 )	/ 2 )
	=	-1.84	/	278.5265
	=	-0.66 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Ranger Energy Services (FRA:97L) 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.

Ranger Energy Services ROCE % Related Terms

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Ranger Energy Services (FRA:97L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Energy Services Inc (FRA:97L) » Definitions » ROCE %

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RNGR:USA

Address

10350 Richmond, Suite 550, Houston, TX, USA, 77042

Website

https://www.rangerenergy.com

Ranger Energy Services Inc is a provider of onshore high specification (high-spec) well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. It offers a range of well site services to leading U.S. exploration and production (E&P) companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The segments of the group are High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services, of which key revenue is derived from High Specification Rigs segment.

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