Orbit Garant Drilling (Orbit Garant Drilling) ROCE % : 6.59% (As of Mar. 2024)

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What is Orbit Garant Drilling 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. Orbit Garant Drilling's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.59%.

Orbit Garant Drilling ROCE % Historical Data

The historical data trend for Orbit Garant Drilling'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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Orbit Garant Drilling ROCE % Chart

Orbit Garant Drilling Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-1.66

-4.19

7.20

-1.14

3.80

Orbit Garant Drilling Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.10	-21.44	0.78	-7.34	6.59

Orbit Garant Drilling ROCE % Calculation

Orbit Garant Drilling's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	2.844	/	( ( (107.044 - 29.525)	+	(96.013 - 23.779) )	/ 2 )
	=	2.844	/	( (77.519	+	72.234)	/ 2 )
	=	2.844	/	74.8765
	=	3.80 %

Orbit Garant Drilling's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	4.664	/	( ( (94.021 - 22.989)	+	(96.956 - 26.366) )	/ 2 )
	=	4.664	/	( ( 71.032	+	70.59 )	/ 2 )
	=	4.664	/	70.811
	=	6.59 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Orbit Garant Drilling (OTCPK:OBGRF) 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.

Orbit Garant Drilling ROCE % Related Terms

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Orbit Garant Drilling (Orbit Garant Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orbit Garant Drilling Inc (OTCPK:OBGRF) » Definitions » ROCE %

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OGD:Canada

Address

3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6

Website

http://www.orbitgarant.com

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.