Shelf Drilling (North Sea) (OSL:SDNS) ROCE % : -3.70% (As of Dec. 2023)

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What is Shelf Drilling (North Sea) 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. Shelf Drilling (North Sea)'s annualized ROCE % for the quarter that ended in Dec. 2023 was -3.70%.

Shelf Drilling (North Sea) ROCE % Historical Data

The historical data trend for Shelf Drilling (North Sea)'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.
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Shelf Drilling (North Sea) ROCE % Chart

Shelf Drilling (North Sea) Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

7.58

1.32

Shelf Drilling (North Sea) Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					16.49	4.66	2.78	1.14	-3.70

Shelf Drilling (North Sea) ROCE % Calculation

Shelf Drilling (North Sea)'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 )
	=	61.187	/	( ( (5043.445 - 296.759)	+	(4979.317 - 449.404) )	/ 2 )
	=	61.187	/	( (4746.686	+	4529.913)	/ 2 )
	=	61.187	/	4638.2995
	=	1.32 %

Shelf Drilling (North Sea)'s ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-173.012	/	( ( (5295.857 - 478.322)	+	(4979.317 - 449.404) )	/ 2 )
	=	-173.012	/	( ( 4817.535	+	4529.913 )	/ 2 )
	=	-173.012	/	4673.724
	=	-3.70 %

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

Shelf Drilling (North Sea) (OSL:SDNS) 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.

Shelf Drilling (North Sea) ROCE % Related Terms

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Shelf Drilling (North Sea) (OSL:SDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling (North Sea) Ltd (OSL:SDNS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE

Website

https://www.shelfdrillingnorthsea.com

Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating primarily in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is primarily engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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