DOF ASA (OSL:DOF) ROCE % : 26.97% (As of Jun. 2023)

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What is DOF ASA 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. DOF ASA's annualized ROCE % for the quarter that ended in Jun. 2023 was 26.97%.

DOF ASA ROCE % Historical Data

The historical data trend for DOF ASA'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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DOF ASA ROCE % Chart

DOF ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-2.96

-8.96

-84.32

1,562.84

DOF ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-	-	-	18.60	26.97

DOF ASA ROCE % Calculation

DOF ASA's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2313	/	( ( (19085 - 19432)	+	(22303 - 21660) )	/ 2 )
	=	2313	/	( (-347	+	643)	/ 2 )
	=	2313	/	148
	=	1,562.84 %

DOF ASA's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	5836	/	( ( (23579 - 2937)	+	(25810 - 3181) )	/ 2 )
	=	5836	/	( ( 20642	+	22629 )	/ 2 )
	=	5836	/	21635.5
	=	26.97 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

DOF ASA (OSL:DOF) 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.

DOF ASA ROCE % Related Terms

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DOF ASA (OSL:DOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DOF ASA (OSL:DOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alfabygget, Storebo, Austevoll, NOR, 5392

Website

https://www.dof.com

DOF ASA is active in the oil and gas markets. The company consists of team of skilled professionals who, combined with a fleet of state-of-the-art, purpose-built vessels, provide services to the Oil and Gas industry across the entire offshore life cycle. Its core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention, and diving operations. It operates in three segments: Platform Supply Vessels (PSV), Anchor Handling Tug Supply vessels (AHTS), and Subsea (Subsea vessel and subsea engineering). The Subsea segment derives the majority of its revenue. Its geographical segments are Brazil, the United Kingdom, Norway, Australia, Canada, Singapore, the United States, the Philippines, Argentina, Angola, and others.

DOF ASA (OSL:DOF) Headlines

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