Nabors Industries (STU:NBI1) ROCE % : 6.99% (As of Dec. 2023)

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What is Nabors Industries 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. Nabors Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.99%.

Nabors Industries ROCE % Historical Data

The historical data trend for Nabors Industries'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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Nabors Industries ROCE % Chart

Nabors Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.93

-8.56

-6.57

-1.54

7.56

Nabors Industries 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															12.40	8.74	2.31	6.99	5.68

Nabors Industries ROCE % Calculation

Nabors Industries'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 )
	=	288.313	/	( ( (4464.982 - 562.992)	+	(4839.894 - 1113.221) )	/ 2 )
	=	288.313	/	( (3901.99	+	3726.673)	/ 2 )
	=	288.313	/	3814.3315
	=	7.56 %

Nabors Industries'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 )
	=	267.908	/	( ( (4429.058 - 495.395)	+	(4839.894 - 1113.221) )	/ 2 )
	=	267.908	/	( ( 3933.663	+	3726.673 )	/ 2 )
	=	267.908	/	3830.168
	=	6.99 %

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

Nabors Industries (STU:NBI1) 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.

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Nabors Industries (STU:NBI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nabors Industries Ltd (STU:NBI1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NBR:USA NBI1:Germany

Address

4 Par-la-Ville Road, Crown House, Second Floor, Hamilton, BMU, HM 08

Website

https://www.nabors.com

Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.

Nabors Industries (STU:NBI1) Headlines

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