There's Been No Shortage Of Growth Recently For Diamond Offshore Drilling's (NYSE:DO) Returns On Capital [Yahoo! Finance]
Diamond Offshore Drilling, Inc. (DO)
Last diamond offshore drilling, inc. earnings: 2/10 06:00 am
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US:NYSE Investor Relations:
investor.diamondoffshore.com
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Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Diamond Offshore Drilling's NYSE:DO ) returns on capital, so let's have a look. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Diamond Offshore Drilling is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.033 = US$47m ÷ (US$1.7b - US$296m) (Based on the trailing twelve months to December 2023) Thus, Diamond Offshore Drilling has an ROCE of 3.3%. Ultimately, that's a low return and i
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DO
News
- DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2024 RESULTSPR Newswire
- Diamond Offshore Drilling: Investors Should Look Beyond Recent Rig Incident Impact - Buy [Seeking Alpha]Seeking Alpha
- Diamond Offshore (DO) Secures Additional Backlog Worth $350M [Yahoo! Finance]Yahoo! Finance
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENTPR Newswire
- Diamond Offshore Drilling, Inc. (NYSE:DO) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
DO
Earnings
- 2/27/24 - Miss