Essential Energy Services (TSX:ESN) ROCE % : -14.16% (As of Jun. 2023)

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What is Essential Energy 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. Essential Energy Services's annualized ROCE % for the quarter that ended in Jun. 2023 was -14.16%.

Essential Energy Services ROCE % Historical Data

The historical data trend for Essential Energy 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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Essential Energy Services ROCE % Chart

Essential Energy Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-5.58

-1.18

-11.12

-7.34

-0.61

Essential Energy Services Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-4.17	16.63	-3.63	6.95	-14.16

Essential Energy Services ROCE % Calculation

Essential Energy Services's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.806	/	( ( (159.086 - 23.45)	+	(150.526 - 21.295) )	/ 2 )
	=	-0.806	/	( (135.636	+	129.231)	/ 2 )
	=	-0.806	/	132.4335
	=	-0.61 %

Essential Energy Services's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-18.316	/	( ( (155.653 - 24.354)	+	(146.56 - 19.215) )	/ 2 )
	=	-18.316	/	( ( 131.299	+	127.345 )	/ 2 )
	=	-18.316	/	129.322
	=	-14.16 %

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

Essential Energy Services (TSX:ESN) 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.

Essential Energy Services ROCE % Related Terms

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Essential Energy Services (TSX:ESN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Essential Energy Services Ltd (TSX:ESN) » Definitions » ROCE %

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Address

250 - 2nd Street SW, Suite 1100, Livingston Place West, Calgary, AB, CAN, T2P 0C1

Website

https://www.essentialenergy.ca

Essential Energy Services Ltd provides oilfield services to oil and natural gas producers, primarily in Western Canada. It operates through two segments: The Essential Coil Well Service segment provides completion, production, and workover services with its fleet of coiled tubing rigs, fluid pumpers, nitrogen pumpers, and ancillary equipment. Tryton segment provides downhole tools and rental services in Canada and the U.S. The majority of revenue is from the ECWS segment.

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