North American Construction Group (North American Construction Group) ROCE % : 9.74% (As of Mar. 2024)

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What is North American Construction Group 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. North American Construction Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.74%.

North American Construction Group ROCE % Historical Data

The historical data trend for North American Construction Group'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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North American Construction Group ROCE % Chart

North American Construction Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.43

11.61

10.95

14.02

12.13

North American Construction Group 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															18.81	10.75	9.92	16.20	9.74

North American Construction Group ROCE % Calculation

North American Construction Group'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 )
	=	90.397	/	( ( (721.025 - 141.555)	+	(1152.712 - 241.52) )	/ 2 )
	=	90.397	/	( (579.47	+	911.192)	/ 2 )
	=	90.397	/	745.331
	=	12.13 %

North American Construction Group'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 )
	=	90.46	/	( ( (1152.712 - 241.52)	+	(1167.414 - 221.788) )	/ 2 )
	=	90.46	/	( ( 911.192	+	945.626 )	/ 2 )
	=	90.46	/	928.409
	=	9.74 %

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

North American Construction Group (NYSE:NOA) 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.

North American Construction Group ROCE % Related Terms

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North American Construction Group (North American Construction Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » North American Construction Group Ltd (NYSE:NOA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NOA:Canada

Address

27287 - 100 Avenue Acheson, Acheson, AB, CAN, T7X 6H8

Website

http://www.nacg.ca

North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies.

Executives

Cannell Capital Llc	10 percent owner	245 MERIWETHER CIRCLE, ALTA WY 83414
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6