Duke Offshore (BOM:531471) ROCE % : -52.78% (As of Dec. 2024)

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What is Duke Offshore 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. Duke Offshore's annualized ROCE % for the quarter that ended in Dec. 2024 was -52.78%.

Duke Offshore ROCE % Historical Data

The historical data trend for Duke Offshore'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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Duke Offshore ROCE % Chart

Duke Offshore Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-16.63

-17.89

-43.27

-19.53

5.90

Duke Offshore Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															8.41	33.23	-13.38	-38.62	-52.78

Duke Offshore ROCE % Calculation

Duke Offshore's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	3.91	/	( ( (73.017 - 12.091)	+	(75.666 - 4.082) )	/ 2 )
	=	3.91	/	( (60.926	+	71.584)	/ 2 )
	=	3.91	/	66.255
	=	5.90 %

Duke Offshore's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-31.068	/	( ( (64.257 - 1.502)	+	(56.3 - 1.336) )	/ 2 )
	=	-31.068	/	( ( 62.755	+	54.964 )	/ 2 )
	=	-31.068	/	58.8595
	=	-52.78 %

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

Duke Offshore (BOM:531471) 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.

Duke Offshore ROCE % Related Terms

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Duke Offshore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Duke Offshore Ltd (BOM:531471) » Definitions » ROCE %

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Address

Off. Sayani Road, 403, 4th Floor, Urvashi, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.dukeoffshore.com

Duke Offshore Ltd is a provider of offshore vessel services. The company's services include inspection of oil field platforms and operations, diving training, vessel management, and marine logistics, the charter of Fast interceptor Craft, and allied marine services for surveillance.

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