Pioneer Energy Services (FRA:YGO) ROCE % : 0.00% (As of Jun. 2020)

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What is Pioneer Energy Services 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. Pioneer Energy Services's annualized ROCE % for the quarter that ended in Jun. 2020 was 0.00%.

Pioneer Energy Services ROCE % Historical Data

The historical data trend for Pioneer 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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Pioneer Energy Services ROCE % Chart

Pioneer Energy Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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-20.70

-16.62

-7.50

-1.29

-5.55

Pioneer Energy Services Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
ROCE %	Get a 7-Day Free Trial															-1.61	-10.64	-7.62	-44.64	-

Pioneer Energy Services ROCE % Calculation

Pioneer Energy Services's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-30.058	/	( ( (651.822 - 92.091)	+	(606.559 - 82.423) )	/ 2 )
	=	-30.058	/	( (559.731	+	524.136)	/ 2 )
	=	-30.058	/	541.9335
	=	-5.55 %

Pioneer Energy Services's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	0	/	( ( (557.239 - 84.19)	+	(305.294 - 58.551) )	/ 2 )
	=	0	/	( ( 473.049	+	246.743 )	/ 2 )
	=	0	/	359.896
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

Pioneer Energy Services (FRA:YGO) 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.

Pioneer Energy Services ROCE % Related Terms

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Pioneer Energy Services (FRA:YGO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pioneer Energy Services Corp (FRA:YGO) » Definitions » ROCE %

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Address

1250 North East Loop 410, Suite 1000, San Antonio, TX, USA, 78209

Website

http://www.pioneeres.com

Pioneer Energy Services Corp is a US-based company provides land-based drilling services and production services to a diverse group of independent and oil and gas exploration and production companies in the United States and internationally in Colombia. It provides coiled tubing and wireline services offshore in the Gulf of Mexico. The company operates through two segments. The Drilling Services segment is further is divided as Domestic Drilling and International Drilling includes drilling rig, crews, supplies, and most of the ancillary equipment needed. The Production Services segment is further is divided as Well Servicing, Wireline Services, and Coiled Tubing Services to producers.

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