Source Energy Services (TSX:SHLE) ROCE %

: 191.18% (As of Dec. 2023)

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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. Source Energy Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 191.18%.

Source Energy Services ROCE % Historical Data

The historical data trend for Source 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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Source Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-18.98

-38.47

2.42

10.33

60.16

Source Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-9.24	27.67	18.39	20.28	191.18

Source Energy Services ROCE % Calculation

Source Energy Services'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 )
	=	184.669	/	( ( (326.897 - 87.453)	+	(482.83 - 108.371) )	/ 2 )
	=	184.669	/	( (239.444	+	374.459)	/ 2 )
	=	184.669	/	306.9515
	=	60.16 %

Source Energy Services'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 )
	=	578.46	/	( ( (321.813 - 91.135)	+	(482.83 - 108.371) )	/ 2 )
	=	578.46	/	( ( 230.678	+	374.459 )	/ 2 )
	=	578.46	/	302.5685
	=	191.18 %

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

Source Energy Services (TSX:SHLE) 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.

Source Energy Services ROCE % Related Terms

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Source Energy Services (TSX:SHLE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SCEYF:USA S4O0:Germany

Address

500, 1060 - 7th Street SW, Calgary, AB, CAN, T2R 0C4

Website

https://www.sourceenergyservices.com

Source Energy Services Ltd is a Canada based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system. The geographical segments of the group are the US Operations and Canadian Operations.

Executives

Derren James Newell

Senior Officer

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