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Diamond Offshore Drilling ROE %

: -4.66% (As of Mar. 2022)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Diamond Offshore Drilling's annualized net income attributable to common stockholders for the quarter that ended in Mar. 2022 was $-34.4 Mil. Diamond Offshore Drilling's average Total Stockholders Equity over the quarter that ended in Mar. 2022 was $737.8 Mil. Therefore, Diamond Offshore Drilling's annualized ROE % for the quarter that ended in Mar. 2022 was -4.66%.

The historical rank and industry rank for Diamond Offshore Drilling's ROE % or its related term are showing as below:

DO' s ROE % Range Over the Past 10 Years
Min: -4.66   Med: 0   Max: 0
Current: -4.66

DO's ROE % is ranked worse than
69.85% of 985 companies
in the Oil & Gas industry
Industry Median: 6.28 vs DO: -4.66

Diamond Offshore Drilling ROE % Historical Data

The historical data trend for Diamond Offshore Drilling's ROE % 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.

* Premium members only.

Diamond Offshore Drilling Annual Data
Trend
ROE %

Diamond Offshore Drilling Semi-Annual Data
Mar21 Mar22
ROE % - -4.66

Competitive Comparison

For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Diamond Offshore Drilling ROE % Distribution

For the Oil & Gas industry and Energy sector, Diamond Offshore Drilling's ROE % distribution charts can be found below:

* The bar in red indicates where Diamond Offshore Drilling's ROE % falls into.



Diamond Offshore Drilling ROE % Calculation

Diamond Offshore Drilling's annualized ROE % for the fiscal year that ended in . 20 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: . 20 )/( (Total Stockholders Equity (A: . 20 )+Total Stockholders Equity (A: . 20 ))/ count )
=/( (+)/ )
=/
= %

Diamond Offshore Drilling's annualized ROE % for the quarter that ended in Mar. 2022 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Mar. 2022 )/( (Total Stockholders Equity (Q: Mar. 2021 )+Total Stockholders Equity (Q: Mar. 2022 ))/ count )
=-34.354/( (0+737.823)/ 1 )
=-34.354/737.823
=-4.66 %

* 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.

In the calculation of annual ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is one times the annual (Mar. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Diamond Offshore Drilling  (NYSE:DO) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Mar. 2022 )
=Net Income/Total Stockholders Equity
=-34.354/737.823
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-34.354 / 186.239)*(186.239 / 1512.736)*(1512.736 / 737.823)
=Net Margin %*Asset Turnover*Equity Multiplier
=-18.45 %*0.1231*2.0503
=ROA %*Equity Multiplier
=-2.27 %*2.0503
=-4.66 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Mar. 2022 )
=Net Income/Total Stockholders Equity
=-34.354/737.823
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (-34.354 / -43.007) * (-43.007 / -37.96) * (-37.96 / 186.239) * (186.239 / 1512.736) * (1512.736 / 737.823)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7988 * 1.133 * -20.38 % * 0.1231 * 2.0503
=-4.66 %

Note: The net income attributable to common stockholders data used here is one times the annual (Mar. 2022) net income attributable to common stockholders data. The Revenue data used here is one times the annual (Mar. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Diamond Offshore Drilling ROE % Related Terms

Thank you for viewing the detailed overview of Diamond Offshore Drilling's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Diamond Offshore Drilling Business Description

Diamond Offshore Drilling logo
Traded in Other Exchanges
N/A
Address
Website
Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.
Executives
Duster Benjamin director 200 E. 84ST, 8TH FLOOR NEW YORK NY 10028
Launy Ane director 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Iyer Raj director 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Hollowell John director ONE SHELL PLAZA 910 LOUISIANA STREET HOUSTON TX 77002
Goldman Neal P director 10700 PARKRIDGE BLVD. RESTON VA 20191
Wolford Bernie G. director, officer: President and CEO DORFSTRASSE 19A 6340 BAAR V8 00000
Peakes Adam C director 13135 S. DAIRY ASHFORD, STE. 800 SUGAR LAND TX 77478
Lowe Patrick Carey director 6 CHESTERFIELD GARDENS 3RD FLOOR LONDON X0 W1J 5BQ
Savarino Dominic A officer: VP and Chief Acct/Tax Officer 757 N. ELDRIDGE PARKWAY HOUSTON TX 77079
Mcteague Peter director 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Howard Alan H director
Feygin Anatol director 700 MILAM STREET SUITE 1900 HOUSTON TX 77002
Kornblau Scott Lee officer: Acting Chief Financial Officer 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Roth Thomas officer: Senior Vice President 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Youngblood Kelly officer: Senior Vice President - CFO 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
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