Eurasia Drilling Co (LSE:EDCL) ROCE % : 12.54% (As of Jun. 2015)

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What is Eurasia 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. Eurasia Drilling Co's annualized ROCE % for the quarter that ended in Jun. 2015 was 12.54%.

Eurasia Drilling Co ROCE % Historical Data

The historical data trend for Eurasia 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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Eurasia Drilling Co ROCE % Chart

Eurasia Drilling Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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22.00

24.37

26.83

24.81

21.79

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
ROCE %	Get a 7-Day Free Trial								24.35	22.36	19.03	20.94	12.54

Eurasia Drilling Co ROCE % Calculation

Eurasia Drilling Co's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	568.983	/	( ( (3721.733 - 770.432)	+	(2685.913 - 413.776) )	/ 2 )
	=	568.983	/	( (2951.301	+	2272.137)	/ 2 )
	=	568.983	/	2611.719
	=	21.79 %

Eurasia Drilling Co's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	280.262	/	( ( (2685.913 - 413.776)	+	(2839.248 - 642.165) )	/ 2 )
	=	280.262	/	( ( 2272.137	+	2197.083 )	/ 2 )
	=	280.262	/	2234.61
	=	12.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

Eurasia Drilling Co (LSE:EDCL) 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.

Eurasia Drilling Co ROCE % Related Terms

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Eurasia Drilling Co (LSE:EDCL) Business Description

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Website

http://www.eurasiadrilling.com

Eurasia Drilling Co Ltd was incorporated on November 25, 2002 under the Law of the Cayman Islands. The Company is engaged in providing exploratory and developmental drilling and oil and gas field services to companies operating within the Russian Federation, Kazakhstan, Iraq and the Caspian Sea region. The Company operates in two operating and geographical segments: onshore drilling conducted in the CIS and off-shore drilling conducted in the Caspian Sea.

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