NCS Multistage Holdings (FRA:MUH0) ROCE % : 10.41% (As of Mar. 2024)

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What is NCS Multistage Holdings 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. NCS Multistage Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.41%.

NCS Multistage Holdings ROCE % Historical Data

The historical data trend for NCS Multistage Holdings'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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NCS Multistage Holdings ROCE % Chart

NCS Multistage Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.31

-27.84

-2.34

0.35

-2.26

NCS Multistage Holdings 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															-51.66	-99.82	12.04	131.02	10.41

NCS Multistage Holdings ROCE % Calculation

NCS Multistage Holdings'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 )
	=	-2.528	/	( ( (130.837 - 16.702)	+	(139.413 - 29.397) )	/ 2 )
	=	-2.528	/	( (114.135	+	110.016)	/ 2 )
	=	-2.528	/	112.0755
	=	-2.26 %

NCS Multistage Holdings'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 )
	=	11.556	/	( ( (139.413 - 29.397)	+	(129.651 - 17.661) )	/ 2 )
	=	11.556	/	( ( 110.016	+	111.99 )	/ 2 )
	=	11.556	/	111.003
	=	10.41 %

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

NCS Multistage Holdings (FRA:MUH0) 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.

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NCS Multistage Holdings (FRA:MUH0) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NCS Multistage Holdings Inc (FRA:MUH0) » Definitions » ROCE %

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NCSM:USA

Address

19350 State Highway 249, Suite 600, Houston, TX, USA, 77070

Website

https://www.ncsmultistage.com

NCS Multistage Holdings Inc provides products and support services that facilitate the optimization of oil and natural gas well completions and field development strategies. NCS provides its products and services primarily to exploration and production companies for use in onshore wells, predominantly wells that have been drilled with horizontal laterals in unconventional oil and natural gas formations. The company's primary offering is its fracturing systems products and services, which enable efficient pinpoint stimulation: the process of individually stimulating each entry point into a formation targeted by an oil or natural gas well. Geographically, majority of revenue is generated from United States.

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