STEP Energy Services (TSX:STEP) ROCE % : 2.44% (As of Sep. 2024)

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What is STEP 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. STEP Energy Services's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.44%.

STEP Energy Services ROCE % Historical Data

The historical data trend for STEP 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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STEP Energy Services ROCE % Chart

STEP Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.14

-25.85

-4.83

31.26

15.71

STEP Energy Services 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															23.77	-3.39	43.78	12.28	2.44

STEP Energy Services ROCE % Calculation

STEP Energy Services'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 )
	=	77.503	/	( ( (682.532 - 189.781)	+	(606.519 - 112.611) )	/ 2 )
	=	77.503	/	( (492.751	+	493.908)	/ 2 )
	=	77.503	/	493.3295
	=	15.71 %

STEP Energy Services'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 )
	=	12.752	/	( ( (673.65 - 138.623)	+	(665.361 - 155.04) )	/ 2 )
	=	12.752	/	( ( 535.027	+	510.321 )	/ 2 )
	=	12.752	/	522.674
	=	2.44 %

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

STEP Energy Services (TSX:STEP) 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.

STEP Energy Services ROCE % Related Terms

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STEP Energy Services Business Description

Industry

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

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SNVVF:USA 932:Germany

Address

1200, 205-5th Avenue SW, Bow Valley Square II, Calgary, AB, CAN, T2P 2V7

Website

https://www.stepenergyservices.com

STEP Energy Services Ltd is an oilfield service company. It provides coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions. STEP has a high-performance safety-focused culture and provides reliable, and cost-effective solutions to its E&P clients. The group's services are focused on the WCSB, Permian and Eagle Ford in Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado, and the Bakken in North Dakota.

Executives

Bradley James Mcfarlane	Senior Officer
Joshua Maxwell Kane	Senior Officer
Rory John Will Thompson	Senior Officer
Stephen Murray Glanville	Senior Officer
Rachel Maureen Moore	Director
Edward David Lafehr	Director
Klaas Siert Deemter	Senior Officer
Tara Lynn Boucher	Senior Officer
Michael Edward Burvill	Senior Officer
Douglas Colin Freel	Director
Jason Edward Skehar	Senior Officer
Brock Duhon	Senior Officer
Lori Lynn Mcleod-hill	Senior Officer
Todd Harvey Edward Rainville	Senior Officer
James Harbilas	Director