Kodiak Gas Services (Kodiak Gas Services) ROCE % : 5.14% (As of Dec. 2023)

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What is Kodiak Gas 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. Kodiak Gas Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.14%.

Kodiak Gas Services ROCE % Historical Data

The historical data trend for Kodiak Gas 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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Kodiak Gas Services ROCE % Chart

Kodiak Gas Services Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

7.22

10.37

8.52

Kodiak Gas Services Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				8.45	6.22	11.16	9.14	5.14

Kodiak Gas Services ROCE % Calculation

Kodiak Gas 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 )
	=	257.65	/	( ( (3205.54 - 188.974)	+	(3244.106 - 210.629) )	/ 2 )
	=	257.65	/	( (3016.566	+	3033.477)	/ 2 )
	=	257.65	/	3025.0215
	=	8.52 %

Kodiak Gas 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 )
	=	155.66	/	( ( (3244.24 - 223.2)	+	(3244.106 - 210.629) )	/ 2 )
	=	155.66	/	( ( 3021.04	+	3033.477 )	/ 2 )
	=	155.66	/	3027.2585
	=	5.14 %

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

Kodiak Gas Services (NYSE:KGS) 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.

Kodiak Gas Services ROCE % Related Terms

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Kodiak Gas Services (Kodiak Gas Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kodiak Gas Services Inc (NYSE:KGS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Q41:Germany

Address

15320 Highway 105 W, Suite 210, Montgomery, TX, USA, 77356

Website

https://www.kodiakgas.com

Kodiak Gas Services Inc is an operator of contract compression infrastructure in the United States. It manages business through two operating segments namely Compression Operations and Other Services. Compression Operations consist of operating company-owned and customer-owned compression infrastructure for customers, pursuant to fixed-revenue contracts to enable the production, gathering and transportation of natural gas and oil. Other Services consist of a full range of contract services to support the needs our customers, including station construction, maintenance and overhaul and other ancillary time and material-based offerings.

Executives

Terry Bonno	director	7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Robert Michael Mckee	director, officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Margaret C Montana	director	910 LOUISIANA STREET, HOUSTON TX 77002
Ewan William Hamilton	officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Nirav Kush Shah	director	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Christopher Drumgoole	director	C/O DXC TECHNOLOGY COMPANY, 1775 TYSONS BOOULEVARD, TYSONS VA 22102
Roclawski Cory Anne	officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Kelly Michelle Battle	officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Jon-al Duplantier	director	C/O PARKER DRILLING COMPANY, 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
John Griggs	officer: See Remarks	C/O RUBICON, 7850 NORTH SAM HOUSTON PARKWAY WEST, HOUSTON TX 77064
William Chad Lenamon	officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Randall J Hogan	director	5500 WAYZATA BLVD., SUITE 600, GOLDEN VALLEY MN 55416
Eqt Fund Management S.a R.l.	10 percent owner	51A BOULEVARD ROYAL, LUXEMBOURG N4 L-2449
Frontier Topco Partnership, L.p.	10 percent owner	26A, BOULEVARD ROYAL, LUXEMBOURG N4 L-2449
Teresa Maria Mattamouros	director	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356