Superior Drilling Products (STU:SDW) ROCE % : -28.19% (As of Mar. 2024)

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What is Superior Drilling Products 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. Superior Drilling Products's annualized ROCE % for the quarter that ended in Mar. 2024 was -28.19%.

Superior Drilling Products ROCE % Historical Data

The historical data trend for Superior Drilling Products'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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Superior Drilling Products ROCE % Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.26

-25.06

1.22

15.45

11.07

Superior Drilling Products 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															47.33	14.21	7.08	-10.19	-28.19

Superior Drilling Products ROCE % Calculation

Superior Drilling Products'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 )
	=	1.903	/	( ( (16.614 - 3.538)	+	(24.793 - 3.5) )	/ 2 )
	=	1.903	/	( (13.076	+	21.293)	/ 2 )
	=	1.903	/	17.1845
	=	11.07 %

Superior Drilling Products'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 )
	=	-5.792	/	( ( (24.793 - 3.5)	+	(23.854 - 4.06) )	/ 2 )
	=	-5.792	/	( ( 21.293	+	19.794 )	/ 2 )
	=	-5.792	/	20.5435
	=	-28.19 %

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

Superior Drilling Products (STU:SDW) 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.

Superior Drilling Products ROCE % Related Terms

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Superior Drilling Products (STU:SDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (STU:SDW) » Definitions » ROCE %

Comparable Companies

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SDPI:USA

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

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