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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. Liberty Energy's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.66%.
The historical data trend for Liberty Energy'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.
Liberty Energy Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
ROCE % | Get a 7-Day Free Trial | 11.12 | -13.86 | -10.79 | 24.85 | 35.38 |
Liberty Energy 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 | 36.78 | 21.55 | 19.20 | 24.17 | 16.66 |
Liberty Energy'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 ) | |||||
= | 764.383 | / | ( ( (2575.932 - 649.497) | + | (3033.557 - 639.424) ) | / 2 ) | |
= | 764.383 | / | ( (1926.435 | + | 2394.133) | / 2 ) | |
= | 764.383 | / | 2160.284 | ||||
= | 35.38 % |
Liberty Energy'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 ) | |||||
= | 418.204 | / | ( ( (3241.355 - 743.897) | + | (3272.884 - 748.571) ) | / 2 ) | |
= | 418.204 | / | ( ( 2497.458 | + | 2524.313 ) | / 2 ) | |
= | 418.204 | / | 2510.8855 | ||||
= | 16.66 % |
(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.
Liberty Energy (NYSE:LBRT) 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 Liberty Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Stock | officer: Chief Financial Officer | 950 17TH STREET, SUITE 2000, DENVER CO 80202 |
Christopher A Wright | director, officer: Chief Executive Officer | 106 ALTA VISTA AVENUE, MILL VALLEY CA 94941 |
Ken Babcock | director | 950 17TH STREET, SUITE 2000, DENVER CO 80202 |
Ryan T Gosney | officer: Chief Accounting Officer | 950 17TH STREET, SUITE 2000, DENVER CO 80202 |
Ron Gusek | officer: President | 950 17TH STREET, SUITE 2000, DENVER CO 80202 |
R Sean Elliott | officer: See Remarks | 6565 MACARTHUR BLVD, SUITE 1050, IRVING TX 75039 |
William F Kimble | director | 6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237 |
Cary D. Steinbeck | director | 950 17TH STREET, SUITE 2000, DENVER CO 80202 |
Limited/nv Schlumberger | 10 percent owner | 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056 |
Audrey Robertson | director | BONANZA CREEK ENERGY, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
Riverstone/carlyle Energy Partners Iv, L.p. | director, 10 percent owner | C/O RIVERSTONE HOLDINGS LLC, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019 |
Simon Ayat | director | C/O SCHLUMBERGER LIMITED, 5999 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056 |
James R Mcdonald | director | 13126 CONIFER RD, HOUSTON TX 77079 |
B.v. Schlumberger | 10 percent owner | 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056 |
Schlumberger Holdings Corp | 10 percent owner | 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056 |
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