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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Key Energy Services's annualized net income for the quarter that ended in Sep. 2020 was $-15.6 Mil. Key Energy Services's average Total Stockholders Equity over the quarter that ended in Sep. 2020 was $79.4 Mil. Therefore, Key Energy Services's annualized ROE % for the quarter that ended in Sep. 2020 was -19.62%.
The historical rank and industry rank for Key Energy Services's ROE % or its related term are showing as below:
The historical data trend for Key Energy Services's ROE % 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.
Key Energy Services Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
ROE % | Get a 7-Day Free Trial | -153.16 | -68.81 | -64.96 | -101.95 | - |
Key Energy Services Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
ROE % | Get a 7-Day Free Trial | - | - | 1,790.79 | -84.49 | -19.62 |
For the Oil & Gas Equipment & Services subindustry, Key Energy Services's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Key Energy Services's ROE % distribution charts can be found below:
* The bar in red indicates where Key Energy Services's ROE % falls into.
Key Energy Services's annualized ROE % for the fiscal year that ended in Dec. 2019 is calculated as
ROE % | = | Net Income (A: Dec. 2019 ) | / | ( (Total Stockholders Equity (A: Dec. 2018 ) | + | Total Stockholders Equity (A: Dec. 2019 )) | / count ) |
= | -97.418 | / | ( (45.52 | + | -51.253) | / 2 ) | |
= | -97.418 | / | -2.8665 | ||||
= | N/A % |
Key Energy Services's annualized ROE % for the quarter that ended in Sep. 2020 is calculated as
ROE % | = | Net Income (Q: Sep. 2020 ) | / | ( (Total Stockholders Equity (Q: Jun. 2020 ) | + | Total Stockholders Equity (Q: Sep. 2020 )) | / count ) |
= | -15.584 | / | ( (81.144 | + | 77.693) | / 2 ) | |
= | -15.584 | / | 79.4185 | ||||
= | -19.62 % |
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2020) net income data. ROE % is displayed in the 30-year financial page.
Key Energy Services (OTCPK:KEGX) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
ROE % | (Q: Sep. 2020 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -15.584 | / | 79.4185 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-15.584 / 171.644) | * | (171.644 / 262.8765) | * | (262.8765 / 79.4185) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -9.08 % | * | 0.6529 | * | 3.31 |
= | ROA % | * | Equity Multiplier | ||
= | -5.93 % | * | 3.31 | ||
= | -19.62 % |
With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.
The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:
ROE % | (Q: Sep. 2020 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | -15.584 | / | 79.4185 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-15.584 / -15.588) | * | (-15.588 / -40.084) | * | (-40.084 / 171.644) | * | (171.644 / 262.8765) | * | (262.8765 / 79.4185) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.9997 | * | 0.3889 | * | -23.35 % | * | 0.6529 | * | 3.31 |
= | -19.62 % |
Note: The net income data used here is four times the quarterly (Sep. 2020) net income data. The Revenue data used here is four times the quarterly (Sep. 2020) revenue data. The same rule applies to Pre-Tax Income and Operating Income. * In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Thank you for viewing the detailed overview of Key Energy Services's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Louis Coale | officer: VP and Controller | 41 ROLLING LINKS SPRING TX 77386 |
Nelson Haight | officer: Chief Financial Officer | 4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027 |
Marcus C Rowland | director | 920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024 |
Alan B. Menkes | director | 1160 DAIRY ASHFORD RD, STE 160, HOUSTON TX 77079 |
Katherine Hargis | officer: VP, CLO and Secretary | 1301 MCKINNEY STREET SUITE 1800 HOUSTON TX 77010 |
Sherman Iii Edmiston | director | ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141 |
Wommack H H Iii | director | SOUTHWEST ROYALTIES INC, 407 N BIG SPRING STREET SUITE 300, MIDLAND TX 79701 |
Jacob Kotzubei | director | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
J Marshall Dodson | officer: President, CEO, Interim CFO | C/O KEY ENERGY SERVICES, INC. 1301 MCKINNEY STREET, SUITE 1800 HOUSTON TX 77010 |
Goldman Sachs & Co. Llc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Blackrock Inc. | 10 percent owner | 50 HUDSON YARDS, NEW YORK NY 10001 |
Bluemountain Capital Management, Llc | 10 percent owner | 280 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
Bluemountain Gp Holdings, Llc | 10 percent owner | 280 PARK AVENUE,, 12TH FLOOR, NEW YORK NY 10017 |
Blue Mountain Credit Alternatives Master Fund L.p. | 10 percent owner | C/O BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 5TH FLOOR EAST, NEW YORK NY 10017 |
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