Team (STU:T9CA) ROCE % : -5.33% (As of Mar. 2024)

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What is Team 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. Team's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.33%.

Team ROCE % Historical Data

The historical data trend for Team'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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Team ROCE % Chart

Team Annual Data

Trend

May14

May15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.38

-29.38

-24.21

-18.89

-5.67

Team 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															-18.23	4.23	-0.97	-10.86	-5.33

Team ROCE % Calculation

Team'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 )
	=	-14.638	/	( ( (582.113 - 423.728)	+	(518.787 - 160.418) )	/ 2 )
	=	-14.638	/	( (158.385	+	358.369)	/ 2 )
	=	-14.638	/	258.377
	=	-5.67 %

Team'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 )
	=	-18.488	/	( ( (518.787 - 160.418)	+	(492.644 - 157.326) )	/ 2 )
	=	-18.488	/	( ( 358.369	+	335.318 )	/ 2 )
	=	-18.488	/	346.8435
	=	-5.33 %

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

Team (STU:T9CA) 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.

Team ROCE % Related Terms

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Team (STU:T9CA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Team Inc (STU:T9CA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TISI:USA

Address

13131 Dairy Ashford, Suite 600, Sugar Land, TX, USA, 77478

Website

https://www.teaminc.com

Team Inc is a provider of specialty industrial services, including inspection, engineering assessment and mechanical repair and remediation required in maintaining high temperature and high-pressure piping systems and vessels that are utilized in refining, petrochemical, and others. The company operates in two segments namely Inspection and Heat Treating Group and Mechanical Services Group. Inspection and Heat Treating Group provides non-destructive testing services for the process, pipeline and power sectors and others. The Mechanical Services Group provides call-out and turnaround services under both on-stream and shut down circumstances.

Team (STU:T9CA) Headlines

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