VTDRF (Vantage Drilling International) ROC %: 0.00% (As of Dec. 2022)


VTDRF Vantage Drilling International Ltd VTDRF
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Price $18.50
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What is Vantage Drilling International ROC %?

Vantage Drilling International VTDRF 8 ROC % is 0.00% as of Dec. 2022. GuruFocus rates VTDRF with a GF Score™ of 8/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Vantage Drilling International's annualized return on capital (ROC %) for the quarter that ended in Dec. 2022 was 0.00%.

As of today (2026-07-07), Vantage Drilling International's WACC % is 0.00%. Vantage Drilling International's ROC % is 0.00% (calculated using TTM income statement data). Vantage Drilling International earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Vantage Drilling International  (OTCPK:VTDRF) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Vantage Drilling International's WACC % is 0.00%. Vantage Drilling International's ROC % is 0.00% (calculated using TTM income statement data). Vantage Drilling International earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Vantage Drilling International ROC % Related Terms

Vantage Drilling International ROC % Historical Data

* Premium members only.

The historical data trend for Vantage Drilling International's ROC % 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.

Vantage Drilling International ROC % Chart

Vantage Drilling International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.37 46.95 -15.92 -11.54 0.00

Vantage Drilling International Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.37 46.95 -15.92 -11.54 0.00
VTDRF
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Vantage Drilling International Ltd VTDRF
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vantage Drilling International ROC % Calculation

Vantage Drilling International's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:

ROC % (A: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2021 ) + Invested Capital (A: Dec. 2022 ))/ count )
=-23.553 * ( 1 - 100% )/( (584.906 + 436.694)/ 2 )
=-0/510.8
=0.00 %

where

Invested Capital(A: Dec. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=699.394 - 41.145 - ( 73.343 - max(0, 69.673 - 285.497+73.343))
=584.906

Invested Capital(A: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=578.561 - 67.841 - ( 74.026 - max(0, 123.954 - 220.123+74.026))
=436.694

Vantage Drilling International's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2022 is calculated as:

ROC % (Q: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2021 ) + Invested Capital (Q: Dec. 2022 ))/ count )
=-23.553 * ( 1 - 100% )/( (584.906 + 436.694)/ 2 )
=-0/510.8
=0.00 %

where

Invested Capital(Q: Dec. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=699.394 - 41.145 - ( 73.343 - max(0, 69.673 - 285.497+73.343))
=584.906

Invested Capital(Q: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=578.561 - 67.841 - ( 74.026 - max(0, 123.954 - 220.123+74.026))
=436.694

Note: The Operating Income data used here is one times the annual (Dec. 2022) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 0.00% mean?
Vantage Drilling International (VTDRF) has a ROC % of 0.00% as of Dec. 2022. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Vantage Drilling International and its competitors.
Is Vantage Drilling International's ROC % too high?
Vantage Drilling International's current ROC % is 0.00%. 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 % compare to SOC and NBR?
Vantage Drilling International's ROC % of 0.00% can be compared against companies in the Oil & Gas industry. The industry median ROC % is 3.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Oil & Gas company?
The median ROC % among Oil & Gas companies is 3.70, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Vantage Drilling International and its competitors. For the Oil & Gas industry, the median ROC % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vantage Drilling International's current ROC % is 0.00%. 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 % of 0.00%. The current ROC % is 0.00%. 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 % calculated?
ROC % is calculated from a company's financial statements. For Vantage Drilling International (VTDRF), the current ROC % is 0.00% 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

Industry EnergyOil & Gas
Other Exchanges VDI:Norway
Address 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056
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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