CTBG (Coil Tubing Technology) ROC %: -54.16% (As of Sep. 2015)

What is Coil Tubing Technology ROC %?

Coil Tubing Technology CTBG ROC % is -54.16% as of Sep. 2015.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Coil Tubing Technology's annualized return on capital (ROC %) for the quarter that ended in Sep. 2015 was -54.16%.

As of today (2026-06-26), Coil Tubing Technology's WACC % is 0.00%. Coil Tubing Technology's ROC % is 0.00% (calculated using TTM income statement data). Coil Tubing Technology earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Coil Tubing Technology (OTCPK:CTBG) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Coil Tubing Technology's WACC % is 0.00%. Coil Tubing Technology's ROC % is 0.00% (calculated using TTM income statement data). Coil Tubing Technology earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Coil Tubing Technology ROC % Related Terms

Coil Tubing Technology ROC % Historical Data

* Premium members only.

The historical data trend for Coil Tubing Technology's ROC % 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.

Coil Tubing Technology ROC % Chart

Coil Tubing Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

ROC %

14.46

13.08

-12.32

-3.86

Coil Tubing Technology Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
ROC %	Get a 7-Day Free Trial											15.48	-0.96	-29.53	-21.67	-54.16

Coil Tubing Technology ROC % Calculation

Coil Tubing Technology's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2014 is calculated as:

	ROC % (A: Dec. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2013 )	+	Invested Capital (A: Dec. 2014 ))	/ count )
=	-0.333 * ( 1 - 0% )	/	( (7.033	+	10.22)	/ 2 )
=	-0.333	/	8.6265
=	-3.86 %

where

	Invested Capital		(A: Dec. 2013 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8.376	-	0.441	-	( 0.902	-	max(0, 0.688	-	2.889	+	0.902	))
=	7.033

	Invested Capital		(A: Dec. 2014 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	12.078	-	0.578	-	( 1.28	-	max(0, 0.768	-	3.576	+	1.28	))
=	10.22

Coil Tubing Technology's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2015 is calculated as:

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	-5.092 * ( 1 - 0% )	/	( (10.022	+	8.782)	/ 2 )
=	-5.092	/	9.402
=	-54.16 %

where

	Invested Capital		(Q: Jun. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	11.102	-	0.342	-	( 0.738	-	max(0, 0.485	-	2.225	+	0.738	))
=	10.022

	Invested Capital		(Q: Sep. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	9.811	-	0.353	-	( 0.676	-	max(0, 0.484	-	1.366	+	0.676	))
=	8.782

Note: The Operating Income data used here is four times the quarterly (Sep. 2015) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -54.16% mean?

Coil Tubing Technology (CTBG) has a ROC % of -54.16% as of Sep. 2015. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Coil Tubing Technology and its competitors.

Is Coil Tubing Technology's ROC % too high?

Coil Tubing Technology's current ROC % is -54.16%.

How does Coil Tubing Technology's ROC % compare to ESES and BMMCF?

Coil Tubing Technology's ROC % of -54.16% can be compared against companies in the Oil & Gas industry. The industry median ROC % is 3.63. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for an Oil & Gas company?

The median ROC % among Oil & Gas companies is 3.63, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Coil Tubing Technology and its competitors. For the Oil & Gas industry, the median ROC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coil Tubing Technology's current ROC % is -54.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Coil Tubing Technology stock overvalued right now?

Coil Tubing Technology (CTBG) has a current ROC % of -54.16%. The current ROC % is -54.16%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For Coil Tubing Technology (CTBG), the current ROC % is -54.16% as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Coil Tubing Technology Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:NWE ESES BMMCF TSXV:HYD FLSS BOM:526614 BSE:COMI TSXV:DAL TSX:BRY TSX:HE SGX:42D BOM:531471 BSE:UZT PKDSQ GLFH ALYE BSP:OSXB3 SGX:5OQ TSXV:ZDC SGX:5OR

Address 11237 Crown Park Drive, Suite D, Houston, TX, USA, 77067

Website https://www.coiltubingtechnology.com

Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.