OII (Oceaneering International) ROCE % : 20.25% (As of Sep. 2024)

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What is Oceaneering International 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. Oceaneering International's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.25%.

Oceaneering International ROCE % Historical Data

The historical data trend for Oceaneering International'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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Oceaneering International ROCE % Chart

Oceaneering International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.89

-24.28

2.16

8.02

13.31

Oceaneering International 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															16.49	14.45	10.92	16.98	20.25

Oceaneering International ROCE % Calculation

Oceaneering International'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 )
	=	197.578	/	( ( (2031.683 - 568.414)	+	(2239.006 - 732.476) )	/ 2 )
	=	197.578	/	( (1463.269	+	1506.53)	/ 2 )
	=	197.578	/	1484.8995
	=	13.31 %

Oceaneering International'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 )
	=	312.256	/	( ( (2304.866 - 776.945)	+	(2356.493 - 800.143) )	/ 2 )
	=	312.256	/	( ( 1527.921	+	1556.35 )	/ 2 )
	=	312.256	/	1542.1355
	=	20.25 %

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

Oceaneering International (NYSE:OII) 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.

Oceaneering International ROCE % Related Terms

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Oceaneering International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oceaneering International Inc (NYSE:OII) » Definitions » ROCE %

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Traded in Other Exchanges

0KAN:UK OII:Germany OII:Germany

Address

5875 North Sam Houston Parkway, Suite 400, Houston, TX, USA, 77086

Website

https://www.oceaneering.com

Oceaneering International Inc is a global provider of engineered services and products robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries. Most of Oceaneering's products are produced for the offshore oil and gas market. It had a 2020 segment realignment to promote synergies and cost efficiency. The five segments are subsea robotics; manufactured products; offshore projects group; integrity management and digital solutions; and aerospace and defense technologies. Within the segments are two businesses - services and products provided primarily to the oil and gas industry. The firm is also involved in the offshore renewables and mobility solutions industries.

Executives

Leonardo P Granato	officer: SVP, IMDS	5875 N. SAM HOUSTON PARKWAY W., SUITE 400, HOUSTON TX 77086
Karen H Beachy	director	PO BOX 1400, RAPID CITY SD 57709
M Kevin Mcevoy	director	C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011
Alan R Curtis	officer: SVP and CFO	11911 FM 529, HOUSTON TX 77041
Earl Childress	officer: SVP, Chief Commercial Ofc.	11911 FM 529, HOUSTON TX 77041
Shaun Roedel	officer: SVP, Mfd. Prods.	11911 FM 529, HOUSTON TX 77041
Christopher J Dyer	officer: SVP, OPGroup	5875 N. SAM HOUSTON PARKWAY W., SUITE 400, HOUSTON TX 77086
Deanna L Goodwin	director	11911 FM 529, HOUSTON TX 77041
T Jay Collins	director	C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011
Murphy Paul B Jr	director	OCEANEERING INTERNATIONAL, INC., 11911 FM 529, HOUSTON TX 77041
William B Berry	director	C/O WILBROS USA, INC., 4400 POST OAK PARKWAY, STE. 1000, HOUSTON TX 77027
Jennifer Fremont Simons	officer: SVP, CLO and Secretary	5875 N. SAM HOUSTON PKWY. W., SUITE 400, HOUSTON TX 77086
Martin J Mcdonald	officer: SVP, Subsea Robotics	11911 FM 529, HOUSTON TX 77041
Jon Erik Reinhardsen	director	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Steven A Webster	director	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002