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Anton Oilfield Services Group (HKSE:03337) ROCE % : 14.69% (As of Jun. 2024)


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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 Jun. 2024 was 14.69%.


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.

* Premium members only.

Anton Oilfield Services Group ROCE % Chart

Anton Oilfield Services Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.07 8.11 9.74 15.37 13.17

Anton Oilfield Services Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.82 17.14 12.88 13.53 14.69

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 Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=684.758/( ( (10726.552 - 5710.244) + (10348.696 - 6039.625) )/ 2 )
=684.758/( ( 5016.308 + 4309.071 )/ 2 )
=684.758/4662.6895
=14.69 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

* 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.


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.


Anton Oilfield Services Group ROCE % Related Terms

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Anton Oilfield Services Group Business Description

Traded in Other Exchanges
Address
No. 8, Pingcui West Road, Donghuqu, Chaoyang District, Beijing, CHN, 100102
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 the following segments; Oilfield technical services, Oilfield management services, Drilling rig services, and Inspection services. The majority of the company's revenue is generated from the Oilfield technical services segment which covers the full life cycle of oil and gas development, including geological technology, drilling technology, well completion and stimulation technology as well as asset leasing services for the industry. Geographically, the firm derives its key revenue from the Republic of Iraq followed by the People's Republic of China, and other countries.
Executives
Luo Lin 2101 Beneficial owner
Boci Trustee (hong Kong) Limited 2301 Trustee
Avalon Assets Limited 2101 Beneficial owner
Butterfield Trust (asia) Limited 2301 Trustee
China Oil Hbp Science & Technology Co., Ltd.
Credit Suisse Trust Limited 2101 Beneficial owner
Pro Development Holdings Corp. 2101 Beneficial owner
Hong Kong Huihua Global Technology Limited 2101 Beneficial owner

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