Anton Oilfield Services Group (HKSE:03337) ROCE % : 13.53% (As of Dec. 2023)

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What is Anton Oilfield Services Group 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. Anton Oilfield Services Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.53%.

Anton Oilfield Services Group ROCE % Historical Data

The historical data trend for Anton Oilfield Services Group'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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Anton Oilfield Services Group ROCE % Chart

Anton Oilfield Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.07

8.11

9.74

15.37

13.17

Anton Oilfield Services Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.08	13.82	17.14	12.88	13.53

Anton Oilfield Services Group ROCE % Calculation

Anton Oilfield Services Group'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 )
	=	638.495	/	( ( (8914.505 - 4233.413)	+	(10726.552 - 5710.244) )	/ 2 )
	=	638.495	/	( (4681.092	+	5016.308)	/ 2 )
	=	638.495	/	4848.7
	=	13.17 %

Anton Oilfield Services Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	665.206	/	( ( (9951.743 - 5135.885)	+	(10726.552 - 5710.244) )	/ 2 )
	=	665.206	/	( ( 4815.858	+	5016.308 )	/ 2 )
	=	665.206	/	4916.083
	=	13.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Anton Oilfield Services Group (HKSE:03337) 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.

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Anton Oilfield Services Group (HKSE:03337) Business Description

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ATONY:USA ATONF:USA

Address

No. 8, Pingcui West Road, Donghuqu, Chaoyang District, Beijing, CHN, 100102

Website

https://www.antonoil.com

Anton Oilfield Services Group is an investment holding company principally engaged in the provision of integrated oil and gas field development technical services. The Company operates its business through three segments. The Drilling Technology segment is engaged in the provision of engineering technical services and products to solve problems encountered in directional drilling, drilling assessment and enhanced reservoir contact and integrated drilling. The Well Completion segment is engaged in integrated well completion and stimulation services from integrated solutions for well completion, production, equipment, tools, and materials. The Oil Production Services segment is engaged in enabling economic recovery based on reservoir geological conditions.

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