CES Energy Solutions (STU:7C4) ROCE % : 27.20% (As of Mar. 2024)

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What is CES Energy Solutions 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. CES Energy Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.20%.

CES Energy Solutions ROCE % Historical Data

The historical data trend for CES Energy Solutions'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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CES Energy Solutions ROCE % Chart

CES Energy Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.31

-26.82

9.11

15.20

20.32

CES Energy Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															19.20	18.70	20.30	24.44	27.20

CES Energy Solutions ROCE % Calculation

CES Energy Solutions'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 )
	=	155.664	/	( ( (980.483 - 185.773)	+	(941.377 - 203.831) )	/ 2 )
	=	155.664	/	( (794.71	+	737.546)	/ 2 )
	=	155.664	/	766.128
	=	20.32 %

CES Energy Solutions's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	200.48	/	( ( (941.377 - 203.831)	+	(959.088 - 222.596) )	/ 2 )
	=	200.48	/	( ( 737.546	+	736.492 )	/ 2 )
	=	200.48	/	737.019
	=	27.20 %

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

CES Energy Solutions (STU:7C4) 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.

CES Energy Solutions ROCE % Related Terms

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CES Energy Solutions (STU:7C4) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CES Energy Solutions Corp (STU:7C4) » Definitions » ROCE %

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CESDF:USA 7C4:Germany CEU:Canada

Address

332 - 6th Avenue S.W., Suite 1400, Calgary, AB, CAN, T2P 0B2

Website

https://www.cesenergysolutions.com

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.

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