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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NINE
News
- Nine Energy Service Announces Timing of Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Nine Energy Service Second Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Nine Energy Service Insider Ups Holding By 53% During Year [Yahoo! Finance]Yahoo! Finance
- Nine Energy Service, Inc (NINE) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Nine Energy Service Announces Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
NINE
Earnings
- 8/5/24 - Miss
NINE
Sec Filings
- 8/13/24 - Form 4
- 8/13/24 - Form 4
- 8/13/24 - Form 4
- NINE's page on the SEC website