Arabian Drilling Co (SAU:2381) ROCE % : -3.94% (As of Dec. 2024)

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What is Arabian Drilling Co 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. Arabian Drilling Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -3.94%.

Arabian Drilling Co ROCE % Historical Data

The historical data trend for Arabian Drilling Co'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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Arabian Drilling Co ROCE % Chart

Arabian Drilling Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

ROCE %

5.93

7.77

7.59

3.86

Arabian Drilling Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial									4.26	9.42	3.36	6.30	-3.94

Arabian Drilling Co ROCE % Calculation

Arabian Drilling Co'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 )
	=	363.247	/	( ( (10686.474 - 1091.477)	+	(10534.841 - 1296.038) )	/ 2 )
	=	363.247	/	( (9594.997	+	9238.803)	/ 2 )
	=	363.247	/	9416.9
	=	3.86 %

Arabian Drilling Co'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 )
	=	-362.952	/	( ( (10423.653 - 1238.649)	+	(10534.841 - 1296.038) )	/ 2 )
	=	-362.952	/	( ( 9185.004	+	9238.803 )	/ 2 )
	=	-362.952	/	9211.9035
	=	-3.94 %

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

Arabian Drilling Co (SAU:2381) 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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Arabian Drilling Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Drilling Co (SAU:2381) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 4110, Al-Khobar, SAU, 31952

Website

https://www.arabdrill.com

Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs, and related activities. The operating segment of the company Provision of drilling and related services through land rigs and the Provision of drilling and related services through off-shore rigs.

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