Be Wary Of Nine Energy Service (NYSE:NINE) And Its Returns On Capital [Yahoo! Finance]
Nine Energy Service, Inc. (NINE)
Last nine energy service, inc. earnings: 3/9 06:30 am
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US:NASDAQ Investor Relations:
nineenergyservice.com/about/our-leadership
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Source: Yahoo! Finance
return on capital employed (ROCE) and a declining base of capital employed. Basically the company is earning less on its investments and it is also reducing its total assets. On that note, looking into Nine Energy Service NYSE:NINE ), we weren't too upbeat about how things were going. What Is Return On Capital Employed (ROCE)? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Nine Energy Service is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.016 = US$4.9m ÷ (US$382m - US$83m) (Based on the trailing twelve months to June 2024) Thus, Nine Energy Service has an ROCE of 1.6%. Ultimately, that's a low return and it under-performs the Energy Services industry average of 11%. Above you can see how the current ROCE for Nine Energy Service compares to its prior returns on capital, b
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News
- Despite Fast-paced Momentum, Nine Energy (NINE) Is Still a Bargain Stock [Yahoo! Finance]Yahoo! Finance
- Nine Energy Service Inc (NINE) Q3 2024 Earnings Call Highlights: Surpassing Revenue ... [Yahoo! Finance]Yahoo! Finance
- Nine Energy Service Announces Third Quarter 2024 ResultsBusiness Wire
- Nine Energy Service, Inc. Receives Notice from NYSE Regarding Continued Listing RequirementsBusiness Wire
- Nine Energy Service Announces Timing of Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
NINE
Earnings
- 10/31/24 - Beat
NINE
Sec Filings
- 11/19/24 - Form 4
- 11/14/24 - Form 4
- 11/12/24 - Form 144
- NINE's page on the SEC website