Pason Systems (FRA:3PS) ROCE % : 23.51% (As of Sep. 2024)

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What is Pason Systems 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. Pason Systems's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.51%.

Pason Systems ROCE % Historical Data

The historical data trend for Pason Systems'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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Pason Systems ROCE % Chart

Pason Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.35

3.06

13.82

33.68

32.04

Pason Systems Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															28.84	25.99	23.17	11.98	23.51

Pason Systems ROCE % Calculation

Pason Systems'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 )
	=	91.784	/	( ( (326.545 - 49.251)	+	(333.47 - 37.812) )	/ 2 )
	=	91.784	/	( (277.294	+	295.658)	/ 2 )
	=	91.784	/	286.476
	=	32.04 %

Pason Systems's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	80.808	/	( ( (393.879 - 47.449)	+	(390.343 - 49.43) )	/ 2 )
	=	80.808	/	( ( 346.43	+	340.913 )	/ 2 )
	=	80.808	/	343.6715
	=	23.51 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Pason Systems (FRA:3PS) 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.

Pason Systems ROCE % Related Terms

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Pason Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pason Systems Inc (FRA:3PS) » Definitions » ROCE %

Comparable Companies

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PSYTF:USA PSI:Canada

Address

6130 Third Street South East, Calgary, AB, CAN, T2H 1K4

Website

https://www.pason.com

Pason Systems Inc is a provider of instrumentation and data management systems for drilling rigs. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. The company reports on three strategic business units: The North American (Canada and the United States) and International (Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East) business units, all of which offer technology services to the oil and gas industry, and the Solar and Energy Storage business unit, which provides technology services to solar and energy storage developers.

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