VTDRF (Vantage Drilling International) ROCE %: 6.51% (As of Dec. 2022)


VTDRF Vantage Drilling International Ltd VTDRF
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What is Vantage Drilling International ROCE %?

Vantage Drilling International VTDRF 8 ROCE % is 6.51% as of Dec. 2022. GuruFocus rates VTDRF with a GF Score™ of 8/100.

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. Vantage Drilling International's annualized ROCE % for the quarter that ended in Dec. 2022 was 6.51%.

Vantage Drilling International  (OTCPK:VTDRF) 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.

Vantage Drilling International ROCE % Related Terms

Vantage Drilling International ROCE % Historical Data

* Premium members only.

The historical data trend for Vantage Drilling International'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.

Vantage Drilling International ROCE % Chart

Vantage Drilling International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.44 49.79 -27.18 -10.41 6.51

Vantage Drilling International Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.44 49.79 -27.18 -10.41 6.51
VTDRF
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Vantage Drilling International Ltd VTDRF
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Vantage Drilling International ROCE % Calculation

Vantage Drilling International'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 )
=35.296/( ( (699.394 - 69.673) + (578.561 - 123.954) )/ 2 )
=35.296/( (629.721+454.607)/ 2 )
=35.296/542.164
=6.51 %

Vantage Drilling International's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2022 )  (Q: Dec. 2021 )(Q: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2022 )  (Q: Dec. 2021 )(Q: Dec. 2022 )
=35.296/( ( (699.394 - 69.673) + (578.561 - 123.954) )/ 2 )
=35.296/( ( 629.721 + 454.607 )/ 2 )
=35.296/542.164
=6.51 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 6.51% mean?
Vantage Drilling International (VTDRF) has a ROCE % of 6.51% as of Dec. 2022.
Is Vantage Drilling International's ROCE % too high?
Vantage Drilling International's current ROCE % is 6.51%. The Oil & Gas industry median ROCE % is 6.85. Vantage Drilling International's value of 6.51% is 5% below this industry median. Overall, Vantage Drilling International has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Drilling International's ROCE % compare to SOC and NBR?
Vantage Drilling International's ROCE % of 6.51% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.85. Vantage Drilling International's value of 6.51% is 5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.85, based on 981 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vantage Drilling International's current ROCE % of 6.51% is 5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vantage Drilling International's current ROCE % is 6.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Drilling International stock overvalued right now?
Vantage Drilling International (VTDRF) has a current ROCE % of 6.51%. The current ROCE % is 6.51% and 5% below the Oil & Gas industry median of 6.85. Vantage Drilling International's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Vantage Drilling International (VTDRF), the current ROCE % is 6.51% as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vantage Drilling International Business Description

Industry EnergyOil & Gas
Other Exchanges VDI:Norway
Address 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056
Vantage Drilling International Ltd is an international offshore drilling company engaged in providing contract drilling services and related support services. The company operates through two segments: Drilling Services, which includes activities related to owned rigs, and Managed Services, which involves managing and supporting rigs owned by third parties. It mainly provides offshore drilling services to oil and gas companies in international markets.
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