Seadrill (OSL:SDRL) ROCE % : 5.66% (As of Sep. 2024)

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What is Seadrill 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. Seadrill's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.66%.

Seadrill ROCE % Historical Data

The historical data trend for Seadrill'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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Seadrill ROCE % Chart

Seadrill Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-3.98

-129.37

-4,916.61

12.38

Seadrill Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										13.23	7.02	8.98	28.41	5.66

Seadrill ROCE % Calculation

Seadrill'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 )
	=	3966.574	/	( ( (27674.16 - 3991.56)	+	(44497.369 - 4103.717) )	/ 2 )
	=	3966.574	/	( (23682.6	+	40393.652)	/ 2 )
	=	3966.574	/	32038.126
	=	12.38 %

Seadrill'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 )
	=	2294.48	/	( ( (45614.374 - 4288.622)	+	(44105.035 - 4355.266) )	/ 2 )
	=	2294.48	/	( ( 41325.752	+	39749.769 )	/ 2 )
	=	2294.48	/	40537.7605
	=	5.66 %

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

Seadrill (OSL:SDRL) 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.

Seadrill ROCE % Related Terms

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Seadrill Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seadrill Ltd (OSL:SDRL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SDRL:USA P4F:Germany

Address

11025 Equity Drive, Suite 150, Houston, TX, USA, 77041

Website

https://www.seadrill.com

Seadrill Ltd is an offshore drilling contractor company. The company is engaged in providing offshore drilling services to the oil and gas industry. The primary business of the company is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deepwater areas in both benign and harsh environments. The geographical segments of the company are the United States, Brazil, Angola, Norway, and others. The company derives maximum revenue from the United States.