Vantage Drilling InternationalVTDRF 8 ROC (Joel Greenblatt) % is 8.10% as of Dec. 2022. GuruFocus rates VTDRF with a GF Score™ of 8/100. Among 1,000 Oil & Gas companies, Vantage Drilling International ranks worse than 99999.9% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Vantage Drilling International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 8.10%.
The historical rank and industry rank for Vantage Drilling International's ROC (Joel Greenblatt) % or its related term are showing as below:
VTDRF's ROC (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 8.415 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Vantage Drilling International (OTCPK:VTDRF) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* 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.
Vantage Drilling International ROC (Joel Greenblatt) % Chart
VTDRF vs SOC, NBR, NE: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Drilling subindustry, Vantage Drilling International's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.
Vantage Drilling International ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Vantage Drilling International's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vantage Drilling International's ROC (Joel Greenblatt) % falls into.
Vantage Drilling International ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is one times the annual (Dec. 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.
What does a ROC (Joel Greenblatt) % of 8.10% mean?
Vantage Drilling International (VTDRF) has a ROC (Joel Greenblatt) % of 8.10% as of Dec. 2022. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Vantage Drilling International and its competitors. According to the industry distribution chart, Vantage Drilling International ranks #999999 out of 1000 companies in the Oil & Gas industry.
Is Vantage Drilling International's ROC (Joel Greenblatt) % too high?
Vantage Drilling International's current ROC (Joel Greenblatt) % is 8.10%. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Vantage Drilling International's value of 8.10% is 3.7% below this industry median. Based on the distribution chart, Vantage Drilling International ranks #999999 out of 1000 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Vantage Drilling International has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Drilling International's ROC (Joel Greenblatt) % compare to SOC and NBR?
According to the Oil & Gas industry distribution chart, Vantage Drilling International ranks #999999 out of 1000 companies for ROC (Joel Greenblatt) %. This places Vantage Drilling International in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.42. Vantage Drilling International's value of 8.10% is 3.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.42, based on 1,000 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vantage Drilling International's current ROC (Joel Greenblatt) % of 8.10% is 3.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Vantage Drilling International and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vantage Drilling International's current ROC (Joel Greenblatt) % is 8.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Drilling International stock overvalued right now?
Vantage Drilling International (VTDRF) has a current ROC (Joel Greenblatt) % of 8.10%. The current ROC (Joel Greenblatt) % is 8.10% and 3.7% below the Oil & Gas industry median of 8.42. Vantage Drilling International's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Vantage Drilling International (VTDRF), the current ROC (Joel Greenblatt) % is 8.10% as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Vantage Drilling International Business Description
Vantage Drilling International Ltd is an international offshore drilling company engaged in providing contract drilling services and related support services. The company operates through two segments: Drilling Services, which includes activities related to owned rigs, and Managed Services, which involves managing and supporting rigs owned by third parties. It mainly provides offshore drilling services to oil and gas companies in international markets.
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