Aban Offshore (NSE:ABAN) ROCE % : 0.00% (As of Sep. 2024)

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What is Aban 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. Aban Offshore's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Aban Offshore ROCE % Historical Data

The historical data trend for Aban 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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Aban Offshore ROCE % Chart

Aban Offshore Annual Data

Trend

Mar15

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Mar24

ROCE %

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Aban Offshore 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															-	-	-	-	-

Aban Offshore ROCE % Calculation

Aban 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 )
	=	-2387.91	/	( ( (17267.9 - 240231.51)	+	(15150.37 - 253864.46) )	/ 2 )
	=	-2387.91	/	( (-222963.61	+	-238714.09)	/ 2 )
	=	-2387.91	/	-230838.85
	=	1.03 %

Aban Offshore'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 )
	=	6690	/	( ( (0 - 0)	+	(15083.32 - 258539.25) )	/ 1 )
	=	6690	/	( ( 0	+	-243455.93 )	/ 1 )
	=	6690	/	-243455.93
	=	0 %

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

Aban Offshore (NSE:ABAN) 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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Aban Offshore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aban Offshore Ltd (NSE:ABAN) » Definitions » ROCE %

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523204:India

Address

113 Pantheon Road, Janpriya Crest, Egmore, Chennai, TN, IND, 600 008

Website

https://www.abanoffshore.com

Aban Offshore Ltd is an Indian company engaged in the business of providing offshore drilling and production services to companies engaged in the exploration, development, and production of oil and gas both in domestic and international markets. It generates maximum revenue from drilling services. It serves Southeast Asia, South Asia, Latin America, West Africa, and the Middle East.

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