Tetra Technologies (FRA:TGI) ROCE % : 2.32% (As of Dec. 2023)

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What is Tetra Technologies 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. Tetra Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.32%.

Tetra Technologies ROCE % Historical Data

The historical data trend for Tetra Technologies'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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Tetra Technologies ROCE % Chart

Tetra Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.54

-0.81

0.54

9.12

16.08

Tetra Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.72	15.84	32.16	14.43	2.32

Tetra Technologies ROCE % Calculation

Tetra Technologies'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 )
	=	49.562	/	( ( (410.042 - 117.308)	+	(439.207 - 115.507) )	/ 2 )
	=	49.562	/	( (292.734	+	323.7)	/ 2 )
	=	49.562	/	308.217
	=	16.08 %

Tetra Technologies's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	7.504	/	( ( (442.657 - 118.568)	+	(439.207 - 115.507) )	/ 2 )
	=	7.504	/	( ( 324.089	+	323.7 )	/ 2 )
	=	7.504	/	323.8945
	=	2.32 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Tetra Technologies (FRA:TGI) 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.

Tetra Technologies ROCE % Related Terms

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Tetra Technologies (FRA:TGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tetra Technologies Inc (FRA:TGI) » Definitions » ROCE %

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Traded in Other Exchanges

TTI:USA TGI:Germany

Address

24955 Interstate 45 North, The Woodlands, TX, USA, 77380

Website

https://www.tetratec.com

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services.