Diamond Offshore Drilling OLD (Diamond Offshore Drilling OLD) ROCE % : 0.00% (As of Dec. 2021)

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What is Diamond Offshore Drilling OLD 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. Diamond Offshore Drilling OLD's annualized ROCE % for the quarter that ended in Dec. 2021 was 0.00%.

Diamond Offshore Drilling OLD ROCE % Historical Data

The historical data trend for Diamond Offshore Drilling OLD'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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Diamond Offshore Drilling OLD ROCE % Chart

Diamond Offshore Drilling OLD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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1.53

-1.75

-4.93

-24.00

Diamond Offshore Drilling OLD Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															-12.52	-30.64	-	0.67	-

Diamond Offshore Drilling OLD ROCE % Calculation

Diamond Offshore Drilling OLD's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	0	/	( ( (4948.453 - 201.439)	+	(1531.44 - 232.762) )	/ 2 )
	=	0	/	( (4747.014	+	1298.678)	/ 2 )
	=	0	/	3022.846
	=	0.00 %

Diamond Offshore Drilling OLD's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	0	/	( ( (1691.733 - 214.755)	+	(1531.44 - 232.762) )	/ 2 )
	=	0	/	( ( 1476.978	+	1298.678 )	/ 2 )
	=	0	/	1387.828
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

Diamond Offshore Drilling OLD (OTCPK:DODRW) 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.

Diamond Offshore Drilling OLD ROCE % Related Terms

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Diamond Offshore Drilling OLD (Diamond Offshore Drilling OLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc. OLD (OTCPK:DODRW) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

15415 Katy Freeway, Suite 100, Houston, TX, USA, 77094

Website

https://www.diamondoffshore.com

Diamond Offshore Drilling Inc. OLD provides contract drilling services to the energy industry around the globe with a fleet of 14 offshore drilling rigs, consisting of four drillships and eight owned semisubmersible rigs and two managed rigs. It generates revenues from the U.S, Senegal, Spain Brazil, the UK, Australia, Malaysia and other countries.