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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. Weatherford International's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.78%.
The historical data trend for Weatherford International'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.
Weatherford International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 84.28 | -32.25 | -2.21 | 10.40 | 21.33 |
Weatherford International 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 | 26.34 | 24.13 | 27.73 | 29.93 | 24.78 |
Weatherford International'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 ) | |||||
= | 688 | / | ( ( (4720 - 1470) | + | (5068 - 1866) ) | / 2 ) | |
= | 688 | / | ( (3250 | + | 3202) | / 2 ) | |
= | 688 | / | 3226 | ||||
= | 21.33 % |
Weatherford International'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 ) | |||||
= | 860 | / | ( ( (5111 - 1691) | + | (5188 - 1667) ) | / 2 ) | |
= | 860 | / | ( ( 3420 | + | 3521 ) | / 2 ) | |
= | 860 | / | 3470.5 | ||||
= | 24.78 % |
(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
* 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.
Weatherford International (NAS:WFRD) 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.
Thank you for viewing the detailed overview of Weatherford International's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Charles M Sledge | director | 1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345 |
Girish Saligram | director, officer: President and CEO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Jacqueline C Mutschler | director | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Benjamin Duster | director | 200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028 |
Neal P Goldman | director | 10700 PARKRIDGE BLVD., RESTON VA 20191 |
Desmond J Mills | officer: VP & Chief Accounting Officer | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Scott C Weatherholt | officer: EVP, GC & CCO | 321 SOUTH BOSTON AVE., SUITE 1000, TULSA OK 74103 |
Joseph H Mongrain | officer: EVP and CHRO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Arunava Mitra | officer: EVP and CFO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Charles Davison | officer: EVP - Operational Excellence | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
H. Keith Jennings | officer: EVP and CFO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Mark D Swift | officer: President - Western Hemisphere | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Christian A Garcia | officer: Chief Financial Officer | 3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032 |
John F Glick | director | TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380 |
Bates Thomas R Jr | director | TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380 |
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