Deep Value Driller AS (OSL:DVD) ROCE % : 30.03% (As of Dec. 2024)

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What is Deep Value Driller AS 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. Deep Value Driller AS's annualized ROCE % for the quarter that ended in Dec. 2024 was 30.03%.

Deep Value Driller AS ROCE % Historical Data

The historical data trend for Deep Value Driller AS'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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Deep Value Driller AS ROCE % Chart

Deep Value Driller AS Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

ROCE %

-7.11

4.67

-15.51

32.20

Deep Value Driller AS Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial											23.66	31.08	30.65	26.49	30.03

Deep Value Driller AS ROCE % Calculation

Deep Value Driller AS'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 )
	=	413.887	/	( ( (1493.405 - 337.317)	+	(1490.305 - 75.525) )	/ 2 )
	=	413.887	/	( (1156.088	+	1414.78)	/ 2 )
	=	413.887	/	1285.434
	=	32.20 %

Deep Value Driller AS'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 )
	=	431.088	/	( ( (1534.732 - 78.182)	+	(1490.305 - 75.525) )	/ 2 )
	=	431.088	/	( ( 1456.55	+	1414.78 )	/ 2 )
	=	431.088	/	1435.665
	=	30.03 %

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

Deep Value Driller AS (OSL:DVD) 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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Deep Value Driller AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Deep Value Driller AS (OSL:DVD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9YG:Germany

Address

Postboks 1566, 8th Floor, Vika, NOR, 0118

Website

https://www.deepvaluedriller.no

Deep Value Driller AS is a drillship-owning company that has acquired the high-specification UDW 7th generation drillship Deep Value Driller. The activities of the company are contracting, managing, and owning drilling rigs.