PHX Energy Services (TSX:PHX) ROCE % : 22.65% (As of Dec. 2024)

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What is PHX Energy Services 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. PHX Energy Services's annualized ROCE % for the quarter that ended in Dec. 2024 was 22.65%.

PHX Energy Services ROCE % Historical Data

The historical data trend for PHX Energy Services'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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PHX Energy Services ROCE % Chart

PHX Energy Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-3.57

16.45

25.26

39.83

25.61

PHX Energy Services 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															35.35	33.51	24.24	21.84	22.65

PHX Energy Services ROCE % Calculation

PHX Energy Services'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 )
	=	72.493	/	( ( (385.494 - 113.125)	+	(423.286 - 129.472) )	/ 2 )
	=	72.493	/	( (272.369	+	293.814)	/ 2 )
	=	72.493	/	283.0915
	=	25.61 %

PHX Energy Services'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 )
	=	65.28	/	( ( (395.414 - 112.885)	+	(423.286 - 129.472) )	/ 2 )
	=	65.28	/	( ( 282.529	+	293.814 )	/ 2 )
	=	65.28	/	288.1715
	=	22.65 %

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

PHX Energy Services (TSX:PHX) 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.

PHX Energy Services ROCE % Related Terms

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PHX Energy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (TSX:PHX) » Definitions » ROCE %

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Traded in Other Exchanges

PHXHF:USA

Address

215 - 9th Avenue South West, Suite 1600, Calgary, AB, CAN, T2P 1K3

Website

https://www.phxtech.com

PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada, the United States, and the Middle East regions. The company generates its revenue from Directional drilling services, Motor rental, and Sale of motor equipment and parts. The company derives maximum revenue from Directional drilling services. Geographically, the company generates the majority of its revenue from the United States.

Executives

Phx Energy Services Corp	Issuer
Cameron Michael Ritchie	Senior Officer
Michael Leslie Buker	Senior Officer
John Michael Hooks	Senior Officer
Garrett Wright	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Karen David-green	Director
Lawrence M. Hibbard	Director
Craig Brown	Senior Officer
Jeffery John Shafer	Senior Officer
Myron Arthur Tetreault	Director
David Raines	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Roger Dale Thomas	Director
Terrance Freeman	Director
Randolph M Charron	Director