Diamond Offshore Drilling (Diamond Offshore Drilling) ROCE % : 11.74% (As of Dec. 2023)

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What is Diamond Offshore Drilling 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. Diamond Offshore Drilling's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.74%.

Diamond Offshore Drilling ROCE % Historical Data

The historical data trend for Diamond Offshore Drilling'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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Diamond Offshore Drilling ROCE % Chart

Diamond Offshore Drilling Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-5.08

2.96

Diamond Offshore Drilling Quarterly Data
	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-4.73	-2.03	2.42	-1.51	11.74

Diamond Offshore Drilling ROCE % Calculation

Diamond Offshore Drilling'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 )
	=	39.693	/	( ( (1527.956 - 261.661)	+	(1712.553 - 296.15) )	/ 2 )
	=	39.693	/	( (1266.295	+	1416.403)	/ 2 )
	=	39.693	/	1341.349
	=	2.96 %

Diamond Offshore Drilling'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 )
	=	173.848	/	( ( (1805.808 - 261.485)	+	(1712.553 - 296.15) )	/ 2 )
	=	173.848	/	( ( 1544.323	+	1416.403 )	/ 2 )
	=	173.848	/	1480.363
	=	11.74 %

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

Diamond Offshore Drilling (NYSE:DO) 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.

Diamond Offshore Drilling ROCE % Related Terms

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Diamond Offshore Drilling (Diamond Offshore Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc (NYSE:DO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DO10:Germany

Address

15415 Katy Freeway, Houston, TX, USA, 77094

Website

http://www.diamondoffshore.com

Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.

Executives

Dominic A Savarino	officer: VP and Chief Acct/Tax Officer	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrice D Douglas	director	1712 CROSSBOW, EDMOND OK 73034
Benjamin Duster	director	200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Ane Launy	director	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrick Carey Lowe	director	6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Adam C Peakes	director	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Bernie G. Wolford	director, officer: President and CEO	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 770904
Neal P Goldman	director	10700 PARKRIDGE BLVD., RESTON VA 20191
John Hollowell	director	ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002
Raj Iyer	director	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Peter Mcteague	director	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Alan H Howard	director
Anatol Feygin	director	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Scott Lee Kornblau	officer: Acting Chief Financial Officer	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Thomas Roth	officer: Senior Vice President	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094