Nine Energy Service (STU:NEJ) ROCE % : 3.76% (As of Sep. 2024)

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What is Nine Energy Service 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. Nine Energy Service's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.76%.

Nine Energy Service ROCE % Historical Data

The historical data trend for Nine Energy Service'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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Nine Energy Service ROCE % Chart

Nine Energy Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.22

-54.54

-9.22

14.58

5.77

Nine Energy Service Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-0.22	3.27	6.26	-1.49	3.76

Nine Energy Service ROCE % Calculation

Nine Energy Service'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 )
	=	17.873	/	( ( (402.931 - 76.467)	+	(368.619 - 75.885) )	/ 2 )
	=	17.873	/	( (326.464	+	292.734)	/ 2 )
	=	17.873	/	309.599
	=	5.77 %

Nine Energy Service'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	10.124	/	( ( (354.62 - 77.073)	+	(318.262 - 57.754) )	/ 2 )
	=	10.124	/	( ( 277.547	+	260.508 )	/ 2 )
	=	10.124	/	269.0275
	=	3.76 %

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

Nine Energy Service (STU:NEJ) 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.

Nine Energy Service ROCE % Related Terms

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Nine Energy Service Business Description

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NINE:USA

Address

2001 Kirby Drive, Suite 200, Houston, TX, USA, 77019

Website

https://www.nineenergyservice.com

Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the U.S, Canada, and other countries where majority of the revenue is generated from the United States.

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