Bri-Chem (TSX:BRY) ROCE % : 21.20% (As of Dec. 2023)

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What is Bri-Chem 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. Bri-Chem's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.20%.

Bri-Chem ROCE % Historical Data

The historical data trend for Bri-Chem'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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Bri-Chem ROCE % Chart

Bri-Chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.70

-14.71

20.18

33.63

17.45

Bri-Chem Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															15.03	16.96	21.62	9.60	21.20

Bri-Chem ROCE % Calculation

Bri-Chem'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 )
	=	5.288	/	( ( (78.5 - 47.972)	+	(68.372 - 38.304) )	/ 2 )
	=	5.288	/	( (30.528	+	30.068)	/ 2 )
	=	5.288	/	30.298
	=	17.45 %

Bri-Chem's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	6.42	/	( ( (70.532 - 40.039)	+	(68.372 - 38.304) )	/ 2 )
	=	6.42	/	( ( 30.493	+	30.068 )	/ 2 )
	=	6.42	/	30.2805
	=	21.20 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Bri-Chem (TSX:BRY) 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.

Bri-Chem ROCE % Related Terms

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Bri-Chem (TSX:BRY) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bri-Chem Corp (TSX:BRY) » Definitions » ROCE %

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BRYFF:USA 5JN:Germany

Address

27075 Acheson Road, Acheson, AB, CAN, T7X 6B1

Website

https://www.brichem.com

Bri-Chem Corp supplies drilling fluids for the oil and gas industries. The company provides drilling fluid products, cementing, acidizing and stimulation additives from multiple strategically located warehouses throughout Canada and the United States. Its segments are Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other. The Other segment represents insignificant segments and all remaining costs not directly attributable to an operating segment, such as corporate overhead. A majority of its revenue is derived from the distribution of fluids in the United States of America.