Market Cap : 752.25 M | Enterprise Value : 1.13 B | PE Ratio : At Loss | PB Ratio : 0.99 |
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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. Diamond Offshore Drilling's annualized ROCE % for the quarter that ended in Mar. 2022 was -2.71%.
The historical data trend for Diamond Offshore 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.
Diamond Offshore Drilling Semi-Annual Data | ||
Mar21 | Mar22 | |
ROCE % | - | -2.71 |
Diamond Offshore Drilling's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: . 20 ) | (A: . 20 ) | (A: . 20 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: . 20 ) | (A: . 20 ) | (A: . 20 ) | |||||
= | / | ( ( ( - ) | + | ( - ) ) | / ) | ||
= | / | ( ( | + | ) | / ) | ||
= | / | ||||||
= | % |
Diamond Offshore Drilling's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2022 ) | (Q: Mar. 2021 ) | (Q: Mar. 2022 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2022 ) | (Q: Mar. 2021 ) | (Q: Mar. 2022 ) | |||||
= | -34.682 | / | ( ( (0 - 0) | + | (1512.736 - 233.95) ) | / 1 ) | |
= | -34.682 | / | ( ( 0 | + | 1278.786 ) | / 1 ) | |
= | -34.682 | / | 1278.786 | ||||
= | -2.71 % |
(1) Note: The EBIT data used here is one times the annual (Mar. 2022) 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.
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 Diamond Offshore Drilling's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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