Tuscany International Drilling, (FRA:TS1) ROCE % : -1.12% (As of Mar. 2014)

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What is Tuscany International 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. Tuscany International Drilling,'s annualized ROCE % for the quarter that ended in Mar. 2014 was -1.12%.

Tuscany International Drilling, ROCE % Historical Data

The historical data trend for Tuscany International 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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Tuscany International Drilling, ROCE % Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

-4.44

-9.78

2.10

-3.29

-43.61

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
ROCE %	Get a 7-Day Free Trial															-0.82	1.76	-31.04	-235.01	-1.12

Tuscany International Drilling, ROCE % Calculation

Tuscany International Drilling,'s annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	-98.823	/	( ( (491.486 - 98.292)	+	(271.632 - 211.578) )	/ 2 )
	=	-98.823	/	( (393.194	+	60.054)	/ 2 )
	=	-98.823	/	226.624
	=	-43.61 %

Tuscany International Drilling,'s ROCE % of for the quarter that ended in Mar. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2014 )		(Q: Dec. 2013 )		(Q: Mar. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2014 )		(Q: Dec. 2013 )		(Q: Mar. 2014 )
	=	-0.64	/	( ( (271.632 - 211.578)	+	(252.888 - 198.803) )	/ 2 )
	=	-0.64	/	( ( 60.054	+	54.085 )	/ 2 )
	=	-0.64	/	57.0695
	=	-1.12 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2014) EBIT data.

Tuscany International Drilling, (FRA:TS1) 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.

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Tuscany International Drilling, (FRA:TS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

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