Investors Will Want Precision Drilling's (TSE:PD) Growth In ROCE To Persist [Yahoo! Finance]
Precision Drilling Corporation (PDS)
Last precision drilling corporation earnings: 4/30 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
precisiondrilling.com/investor-relations/default.aspx
Company Research
Source: Yahoo! Finance
return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, we've noticed some promising trends at Precision Drilling TSE:PD ) so let's look a bit deeper. Understanding Return On Capital Employed (ROCE) 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 Precision Drilling is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.085 = CA$220m ÷ (CA$2.9b - CA$311m) (Based on the trailing twelve months to June 2024) Thus, Precision Drilling has an ROCE of 8.5%. In absolute terms, that's a low return and it also under-performs the Energy Services industry average of 16%. Above yo
Show less
Read more
Impact Snapshot
Event Time:
PDS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PDS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PDS alerts
High impacting Precision Drilling Corporation news events
Weekly update
A roundup of the hottest topics
PDS
News
- Eric Nuttall's Top Picks for November 21, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Eric Nuttall's Top Picks: MEG Energy, ARC Resources and Tamarack Valley Energy [BNN Bloomberg (Canada)]BNN Bloomberg
- Precision Drilling expects rig demand growth as LNG Canada startup nears [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Precision Drilling expects rig demand growth with LNG Canada startup [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Precision Drilling expects rig demand growth with LNG Canada startup [Financial Post (Toronto, Ontario, Canada)]Financial Post
PDS
Earnings
- 10/29/24 - Beat
PDS
Sec Filings
- 10/31/24 - Form SC
- 10/30/24 - Form 6-K
- 10/29/24 - Form 6-K
- PDS's page on the SEC website