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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. Nabors Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.64%.
The historical data trend for Nabors Industries'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.
Nabors Industries Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
ROCE % | Get a 7-Day Free Trial |
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-9.00 | -6.34 | -1.48 | 7.67 | 4.50 |
Nabors Industries 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 |
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7.07 | 5.67 | 5.36 | 3.24 | 3.64 |
Nabors Industries's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2024 ) | (A: Dec. 2023 ) | (A: Dec. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2024 ) | (A: Dec. 2023 ) | (A: Dec. 2024 ) | |||||
= | 179.824 | / | ( ( (5277.965 - 1213.981) | + | (4504.301 - 571.917) ) | / 2 ) | |
= | 179.824 | / | ( (4063.984 | + | 3932.384) | / 2 ) | |
= | 179.824 | / | 3998.184 | ||||
= | 4.50 % |
Nabors Industries'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 ) | |||||
= | 144.016 | / | ( ( (4553.636 - 571.578) | + | (4504.301 - 571.917) ) | / 2 ) | |
= | 144.016 | / | ( ( 3982.058 | + | 3932.384 ) | / 2 ) | |
= | 144.016 | / | 3957.221 | ||||
= | 3.64 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.
* 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.
Nabors Industries (NYSE:NBR) 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.
Thank you for viewing the detailed overview of Nabors Industries's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
John P Kotts | director | C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067 |
Anthony G Petrello | director, officer: PRESIDENT AND COO | NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200`, HOUSTON TX 77067 |
William J Restrepo | officer: Chief Financial Officer | P.O. BOX 60068, HOUSTON TX 77205-0068 |
Tanya S Beder | director | 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451 |
Anthony R Chase | director | 10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121 |
John Yearwood | director | HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL |
Howard Wolf | director | |
Dag Skattum | director | C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067 |
James R Crane | director | JAMES R CRANE, 3214 LODESTAR, HOUSTON TX 77032 |
Myron M Sheinfeld | director | NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200, HOUSTON TX 77067 |
Michael C Linn | director | 650 WASHINGTON ROAD, 8TH FLOOR, PITTSBURGH PA 15228 |
Mark D Andrews | officer: SECRETARY | C/O NABORS CORPORATE SERVICES INC, 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067 |
Hans Schmidt | director | NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200, HOUSTON TX 77067 |
John V Lombardi | director | C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067 |
Robert Clark Wood | other: Principal Fin & Acctg Officer | C/O NABORS CORPORATE SERVICES INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067 |
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