Shelf Drilling (FRA:6SD) ROCE % : 23.56% (As of Sep. 2024)

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What is Shelf Drilling 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. Shelf Drilling's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.56%.

Shelf Drilling ROCE % Historical Data

The historical data trend for Shelf Drilling'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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Shelf Drilling ROCE % Chart

Shelf Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.70

-10.81

3.88

7.77

9.83

Shelf Drilling Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															16.32	10.64	9.46	6.06	23.56

Shelf Drilling ROCE % Calculation

Shelf Drilling's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	165.977	/	( ( (1931.707 - 190.688)	+	(1924.508 - 287.204) )	/ 2 )
	=	165.977	/	( (1741.019	+	1637.304)	/ 2 )
	=	165.977	/	1689.1615
	=	9.83 %

Shelf Drilling's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	383.828	/	( ( (1958.518 - 314.652)	+	(1942.286 - 328.415) )	/ 2 )
	=	383.828	/	( ( 1643.866	+	1613.871 )	/ 2 )
	=	383.828	/	1628.8685
	=	23.56 %

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

Shelf Drilling (FRA:6SD) 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.

Shelf Drilling ROCE % Related Terms

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Shelf Drilling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling Ltd (FRA:6SD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SHLLF:USA SHLFo:Sweden SHLF:Norway SHLFo:UK

Address

One JLT, Jumeirah Lakes Towers, P.O. Box 212201, 12th Floor, Dubai, ARE

Website

https://www.shelfdrilling.com

Shelf Drilling Ltd operates as a shallow-water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. The business operates in a single segment being Contract services. Geographically, it derives a majority of its revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; the United Arab Emirates; India, and Other Countries.

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