Dril-Quip (FRA:DQU) ROCE % : -0.83% (As of Mar. 2024)

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What is Dril-Quip 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. Dril-Quip's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.83%.

Dril-Quip ROCE % Historical Data

The historical data trend for Dril-Quip'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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Dril-Quip ROCE % Chart

Dril-Quip Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.98

-5.39

-5.25

-1.14

0.15

Dril-Quip Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.28	2.50	0.71	0.81	-0.83

Dril-Quip ROCE % Calculation

Dril-Quip'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 )
	=	1.276	/	( ( (915.634 - 82.652)	+	(942.842 - 107.934) )	/ 2 )
	=	1.276	/	( (832.982	+	834.908)	/ 2 )
	=	1.276	/	833.945
	=	0.15 %

Dril-Quip's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-6.812	/	( ( (942.842 - 107.934)	+	(939.345 - 122.872) )	/ 2 )
	=	-6.812	/	( ( 834.908	+	816.473 )	/ 2 )
	=	-6.812	/	825.6905
	=	-0.83 %

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

Dril-Quip (FRA:DQU) 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.

Dril-Quip ROCE % Related Terms

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Dril-Quip (FRA:DQU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dril-Quip Inc (FRA:DQU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DRQ:USA

Address

2050 West Sam Houston Parkway S., Suite 1100, Houston, TX, USA, 77042

Website

https://www.dril-quip.com

Dril-Quip Inc. designs, manufactures, sells and services engineered drilling and production equipment for both offshore and onshore applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere (including North and South America), Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East).

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