Trican Well Service (TSX:TCW) ROCE % : 27.00% (As of Dec. 2024)

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What is Trican Well Service 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. Trican Well Service's annualized ROCE % for the quarter that ended in Dec. 2024 was 27.00%.

Trican Well Service ROCE % Historical Data

The historical data trend for Trican Well Service'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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Trican Well Service ROCE % Chart

Trican Well Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-38.13

2.77

20.50

28.26

26.58

Trican Well Service 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															27.68	38.19	16.30	23.64	27.00

Trican Well Service ROCE % Calculation

Trican Well Service'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 )
	=	147.995	/	( ( (710.443 - 144.438)	+	(683.07 - 135.476) )	/ 2 )
	=	147.995	/	( (566.005	+	547.594)	/ 2 )
	=	147.995	/	556.7995
	=	26.58 %

Trican Well Service'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 )
	=	148.044	/	( ( (633.244 - 84.16)	+	(683.07 - 135.476) )	/ 2 )
	=	148.044	/	( ( 549.084	+	547.594 )	/ 2 )
	=	148.044	/	548.339
	=	27.00 %

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

Trican Well Service (TSX:TCW) 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.

Trican Well Service ROCE % Related Terms

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Trican Well Service Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trican Well Service Ltd (TSX:TCW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TOLWF:USA TWZ:Germany

Address

645 - 7th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 4G8

Website

https://www.tricanwellservice.com

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions. The company offers these services to customers in Canada from operating bases located across the Western Canadian Sedimentary Basin (WCSB).

Executives

Daniel Adam Lopushinsky	Senior Officer
Kathleen Janet Mccrum	Senior Officer
Chika Benjamin Onwuekwe	Senior Officer
Scott Eric Matson	Senior Officer
James Charles Rukin	Senior Officer
Brian James Lane	Senior Officer
Trevor Alan Funk	Senior Officer
Michael Joseph Mcnulty	Director
Thomas Malcolm Alford	Director
Dawn Amanda Sweany	Senior Officer
William Harold Anderson	Senior Officer
Deborah Susan Stein	Director
Clarke Inc.	10% Security Holder
Michael Rapps	Director
Sime Armoyan	10% Security Holder

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