Newpark Resources (FRA:NWP) ROCE % : 3.01% (As of Dec. 2023)

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What is Newpark Resources 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. Newpark Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.01%.

Newpark Resources ROCE % Historical Data

The historical data trend for Newpark Resources'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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Newpark Resources ROCE % Chart

Newpark Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.47

-11.66

-1.69

6.21

Newpark Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.24	7.22	4.50	10.68	3.01

Newpark Resources ROCE % Calculation

Newpark Resources'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 )
	=	30.594	/	( ( (674.842 - 153.817)	+	(589.022 - 124.972) )	/ 2 )
	=	30.594	/	( (521.025	+	464.05)	/ 2 )
	=	30.594	/	492.5375
	=	6.21 %

Newpark Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	14.184	/	( ( (620.327 - 143.413)	+	(589.022 - 124.972) )	/ 2 )
	=	14.184	/	( ( 476.914	+	464.05 )	/ 2 )
	=	14.184	/	470.482
	=	3.01 %

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

Newpark Resources (FRA:NWP) 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.

Newpark Resources ROCE % Related Terms

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Newpark Resources (FRA:NWP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Newpark Resources Inc (FRA:NWP) » Definitions » ROCE %

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Traded in Other Exchanges

NR:USA NWP:Germany

Address

9320 Lakeside Boulevard, Suite 100, The Woodlands, TX, USA, 77381

Website

https://www.newpark.com

Newpark Resources Inc is a diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The company has two operating segments: Industrial Solutions segment provides temporary worksite access solutions, including the rental of recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production, pipeline, renewable energy, petrochemical, construction, and other industries and Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects.

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