ACT Energy Technologies (TSX:ACX) ROCE % : 24.24% (As of Sep. 2024)

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What is ACT Energy 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. ACT Energy Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.24%.

ACT Energy Technologies ROCE % Historical Data

The historical data trend for ACT Energy 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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ACT Energy Technologies ROCE % Chart

ACT Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.13

-32.35

-12.89

19.07

10.99

ACT Energy Technologies 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															14.36	13.98	21.76	12.00	24.24

ACT Energy Technologies ROCE % Calculation

ACT Energy Technologies'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 )
	=	28.983	/	( ( (353.99 - 110.664)	+	(403.733 - 119.55) )	/ 2 )
	=	28.983	/	( (243.326	+	284.183)	/ 2 )
	=	28.983	/	263.7545
	=	10.99 %

ACT Energy 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: 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 )
	=	75.304	/	( ( (420.371 - 119.628)	+	(442.592 - 122.121) )	/ 2 )
	=	75.304	/	( ( 300.743	+	320.471 )	/ 2 )
	=	75.304	/	310.607
	=	24.24 %

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

ACT Energy Technologies (TSX:ACX) 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.

ACT Energy Technologies ROCE % Related Terms

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ACT Energy Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ACT Energy Technologies Ltd (TSX:ACX) » Definitions » ROCE %

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Traded in Other Exchanges

CETEF:USA

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.actenergy.com

ACT Energy Technologies Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States.

Executives

Roderick Donald Maxwell	Director, Senior Officer
Ian Stephen Brown	Director
Lee Harns	Senior Officer
Peter Scott Macfarlane	Senior Officer
Thomas Joseph Connors	Director, Senior Officer
Fawzi Irani	Senior Officer
Axel Schmidt	Senior Officer
James R. Boyles	Director

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