KLX Energy Services Holdings (STU:KX4A) ROCE % : -13.69% (As of Mar. 2024)

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What is KLX Energy Services 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. KLX Energy Services Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -13.69%.

KLX Energy Services Holdings ROCE % Historical Data

The historical data trend for KLX Energy Services 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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KLX Energy Services Holdings ROCE % Chart

KLX Energy Services Holdings Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

ROCE %

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5.53

-13.40

-67.06

11.62

16.86

KLX Energy Services Holdings Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															22.57	21.68	18.74	3.07	-13.69

KLX Energy Services Holdings ROCE % Calculation

KLX Energy Services 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 )
	=	53.828	/	( ( (439.81 - 145.754)	+	(494.997 - 150.48) )	/ 2 )
	=	53.828	/	( (294.056	+	344.517)	/ 2 )
	=	53.828	/	319.2865
	=	16.86 %

KLX Energy Services 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 )
	=	-45.632	/	( ( (494.997 - 150.48)	+	(457.7 - 135.516) )	/ 2 )
	=	-45.632	/	( ( 344.517	+	322.184 )	/ 2 )
	=	-45.632	/	333.3505
	=	-13.69 %

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

KLX Energy Services Holdings (STU:KX4A) 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.

KLX Energy Services Holdings ROCE % Related Terms

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KLX Energy Services Holdings (STU:KX4A) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » KLX Energy Services Holdings Inc (STU:KX4A) » Definitions » ROCE %

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KLXE:USA

Address

3040 Post Oak Boulevard, 15th Floor, Houston, TX, USA, 77056

Website

https://www.klxenergy.com

KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region.

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