Enteq Technologies (LSE:NTQ) ROCE % : -16.98% (As of Sep. 2024)

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What is Enteq Technologies 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. Enteq Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -16.98%.

Enteq Technologies ROCE % Historical Data

The historical data trend for Enteq Technologies'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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Enteq Technologies ROCE % Chart

Enteq Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-4.27

-7.00

-9.96

-11.97

-24.66

Enteq Technologies Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-10.11	-12.75	-15.20	-32.27	-16.98

Enteq Technologies ROCE % Calculation

Enteq Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-2.423	/	( ( (11.799 - 1.024)	+	(10.086 - 1.21) )	/ 2 )
	=	-2.423	/	( (10.775	+	8.876)	/ 2 )
	=	-2.423	/	9.8255
	=	-24.66 %

Enteq Technologies'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-1.416	/	( ( (10.086 - 1.21)	+	(8.632 - 0.832) )	/ 2 )
	=	-1.416	/	( ( 8.876	+	7.8 )	/ 2 )
	=	-1.416	/	8.338
	=	-16.98 %

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

Enteq Technologies (LSE:NTQ) 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.

Enteq Technologies ROCE % Related Terms

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Enteq Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enteq Technologies PLC (LSE:NTQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5EQ:Germany

Address

High Street Ascot, The Courtyard, Berkshire, GBR, SL5 7HP

Website

https://www.enteq.com

Enteq Technologies PLC is engaged in providing energy technologies for directional drilling and geo-steering. It develops technologies for measurement, logging, and geo-steering while drilling wells for oil, gas, and geothermal markets. The company products include Downhole Connectivity Systems and the SABER Tool - Rotary Steerable System. It has a single business segment, the Drilling Tools division.

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