McCoy Global (TSX:MCB) ROCE % : 29.44% (As of Dec. 2024)

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What is McCoy Global 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. McCoy Global's annualized ROCE % for the quarter that ended in Dec. 2024 was 29.44%.

McCoy Global ROCE % Historical Data

The historical data trend for McCoy Global'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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McCoy Global ROCE % Chart

McCoy Global Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-2.61

10.62

16.22

13.44

16.34

McCoy Global Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															16.19	8.05	23.68	5.16	29.44

McCoy Global ROCE % Calculation

McCoy Global's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	10.285	/	( ( (77.241 - 20.05)	+	(97.849 - 29.137) )	/ 2 )
	=	10.285	/	( (57.191	+	68.712)	/ 2 )
	=	10.285	/	62.9515
	=	16.34 %

McCoy Global's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	19.08	/	( ( (81.154 - 20.256)	+	(97.849 - 29.137) )	/ 2 )
	=	19.08	/	( ( 60.898	+	68.712 )	/ 2 )
	=	19.08	/	64.805
	=	29.44 %

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

McCoy Global (TSX:MCB) 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.

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McCoy Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McCoy Global Inc (TSX:MCB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MCCRF:USA 773:Germany

Address

9910 39th Avenue NW, Suite 201, Edmonton, AB, CAN, T6E 5H8

Website

https://www.mccoyglobal.com

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity, and assist with collecting critical data for the energy industry. The company's core products are used predominantly during the well construction phase for both land and offshore wells during oil and gas exploration and development. Some of its products are specialized hydraulic power tongs, dies, inserts, make or break torque equipment, and computerized torque turn monitoring systems, among others. In addition, the company also focuses on supporting capital equipment sales through aftermarket products and services such as technical support, consumables, and replacement parts. Geographically, it derives key revenue from the United States and Latin America.

Executives

Michael Leslie Buker	Director
Cannell Capital Llc	10% Security Holder
James Rakievich	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Burgundy Asset Management Ltd.	10% Security Holder
Christopher Tiernan Seaver	Director