NXT Energy Solutions (TSX:SFD) ROCE % : -43.31% (As of Sep. 2024)

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What is NXT Energy Solutions 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. NXT Energy Solutions's annualized ROCE % for the quarter that ended in Sep. 2024 was -43.31%.

NXT Energy Solutions ROCE % Historical Data

The historical data trend for NXT Energy Solutions'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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NXT Energy Solutions ROCE % Chart

NXT Energy Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.79

-23.63

-14.45

-39.37

-43.04

NXT Energy Solutions 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															-61.00	-13.23	-59.84	-56.60	-43.31

NXT Energy Solutions ROCE % Calculation

NXT Energy Solutions'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 )
	=	-5.291	/	( ( (15.575 - 2.038)	+	(15.185 - 4.134) )	/ 2 )
	=	-5.291	/	( (13.537	+	11.051)	/ 2 )
	=	-5.291	/	12.294
	=	-43.04 %

NXT Energy Solutions'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 )
	=	-5.016	/	( ( (16.546 - 3.862)	+	(14.533 - 4.056) )	/ 2 )
	=	-5.016	/	( ( 12.684	+	10.477 )	/ 2 )
	=	-5.016	/	11.5805
	=	-43.31 %

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

NXT Energy Solutions (TSX:SFD) 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.

NXT Energy Solutions ROCE % Related Terms

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NXT Energy Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NXT Energy Solutions Inc (TSX:SFD) » Definitions » ROCE %

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NSFDF:USA

Address

3320 -17th Avenue SW, Suite 302, Calgary, AB, CAN, T3E 0B4

Website

https://www.nxtenergy.com

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the objective of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.

Executives

Chee Pheng Cheng	10% Security Holder
Jeffrey Tilson	Director
Bruce G. Wilcox	Director, Senior Officer
John Tilson	Director
Eugene Darryl Woychyshyn	Senior Officer