Coil Tubing Technology (Coil Tubing Technology) ROCE % : -49.42% (As of Sep. 2015)

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What is Coil Tubing Technology 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. Coil Tubing Technology's annualized ROCE % for the quarter that ended in Sep. 2015 was -49.42%.

Coil Tubing Technology ROCE % Historical Data

The historical data trend for Coil Tubing Technology'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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Coil Tubing Technology ROCE % Chart

Coil Tubing Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

ROCE %

14.10

11.83

-11.01

-2.67

Coil Tubing Technology Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
ROCE %	Get a 7-Day Free Trial											14.74	1.32	-28.44	-18.85	-49.42

Coil Tubing Technology ROCE % Calculation

Coil Tubing Technology's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	-0.254	/	( ( (8.376 - 0.688)	+	(12.078 - 0.768) )	/ 2 )
	=	-0.254	/	( (7.688	+	11.31)	/ 2 )
	=	-0.254	/	9.499
	=	-2.67 %

Coil Tubing Technology's ROCE % of for the quarter that ended in Sep. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2015 )		(Q: Jun. 2015 )		(Q: Sep. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2015 )		(Q: Jun. 2015 )		(Q: Sep. 2015 )
	=	-4.928	/	( ( (11.102 - 0.485)	+	(9.811 - 0.484) )	/ 2 )
	=	-4.928	/	( ( 10.617	+	9.327 )	/ 2 )
	=	-4.928	/	9.972
	=	-49.42 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

Coil Tubing Technology (OTCPK:CTBG) 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.

Coil Tubing Technology ROCE % Related Terms

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Coil Tubing Technology (Coil Tubing Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coil Tubing Technology Inc (OTCPK:CTBG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22305 Gosling Road, Spring, TX, USA, 77389

Website

http://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.

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