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Independence Contract Drilling Stock

Independence Contract Drilling ROA 2024

Independence Contract Drilling ROA

-0.1

Ticker

ICD

ISIN

US4534156066

WKN

A2P1E5

In 2024, Independence Contract Drilling's return on assets (ROA) was -0.1, a -37.15% increase from the -0.15 ROA in the previous year.

Independence Contract Drilling Aktienanalyse

What does Independence Contract Drilling do?

Independence Contract Drilling Inc (ICD) is a US-based company founded in 2011 and headquartered in Houston, Texas. The company provides drilling services for unconventional natural gas and oil deposits in North America. ICD's history begins with its founding by a group of experienced managers and employees from the oil and gas industry. The goal was to create a company specializing in measures to improve efficiency, safety, and productivity in drilling. The company started with a fleet of rig drilling units used in the Permian Basin, Eagle Ford, and Haynesville. Over the past 10 years, the company has expanded its operations to other areas such as the Powder River Basin, DJ Basin, and Marcellus Shale play. ICD operates in a competitive market with many competing companies offering similar services. However, the company has a unique business model that allows it to differentiate itself from the competition. ICD exclusively operates modern rig drilling units of the highest standards equipped with the latest technology to provide customers with the best possible service. The company also operates only high-performance and efficient units to enable customers to achieve high-quality and fast drilling. ICD offers its customers a wide range of drilling services and support services. The company solely focuses on hydraulically operated rig drilling units capable of performing heavy drilling. The spectrum of services offered includes drilling of horizontal and vertical boreholes, borehole geomechanics, surface services, and drilling preparation work. Moreover, the company also has professionals that enable it to offer customized solutions and consulting services to meet the customers' requirements. ICD has strategically expanded its activities in recent years to offer a wider range of services to its customers. For example, the company completed the acquisition of H&P Holdings to expand its portfolio in the field of borehole geomechanics. The success of ICD also relies on its ability to offer customers a wide range of services and support offerings all in one place. Through targeted expansion into new business areas, the company is able to strengthen its position in the market and satisfy its customers. Overall, ICD is a leading provider of drilling services in North America. The company has made a name for itself through its modern, efficient, and technologically advanced rig drilling units, its wide range of services, and its strategic expansion into new business areas. A hallmark of ICD is also its strong customer orientation and ability to offer tailor-made services that meet customers' needs. In the future, the company is expected to play an important role in the production of oil and gas from unconventional deposits and continue to specialize in expanding its business model and service offerings. Independence Contract Drilling ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Independence Contract Drilling's Return on Assets (ROA)

Independence Contract Drilling's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Independence Contract Drilling's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Independence Contract Drilling's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Independence Contract Drilling’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Independence Contract Drilling stock

What is the Return on Assets (ROA) of Independence Contract Drilling this year?

The Return on Assets (ROA) of Independence Contract Drilling is -0.1 undefined this year.

What was the ROA of Independence Contract Drilling compared to the previous year?

The ROA of Independence Contract Drilling has increased by -37.15% compared to the previous year.

What consequences do high ROA have for investors of Independence Contract Drilling?

A high ROA is advantageous for investors of Independence Contract Drilling, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Independence Contract Drilling?

A low ROA can be unfavorable for investors of Independence Contract Drilling as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Independence Contract Drilling affect the company?

An increase in ROA of Independence Contract Drilling can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Independence Contract Drilling impact the company?

A reduction in the ROA of Independence Contract Drilling can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Independence Contract Drilling?

Some factors that can influence the ROA of Independence Contract Drilling include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Independence Contract Drilling important for investors?

The ROA of Independence Contract Drilling is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Independence Contract Drilling take to improve ROA?

To improve ROA, Independence Contract Drilling can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Independence Contract Drilling pay?

Over the past 12 months, Independence Contract Drilling paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Independence Contract Drilling is expected to pay a dividend of 0 USD.

What is the dividend yield of Independence Contract Drilling?

The current dividend yield of Independence Contract Drilling is .

When does Independence Contract Drilling pay dividends?

Independence Contract Drilling pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Independence Contract Drilling?

Independence Contract Drilling paid dividends every year for the past 0 years.

What is the dividend of Independence Contract Drilling?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Independence Contract Drilling located?

Independence Contract Drilling is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Independence Contract Drilling kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Independence Contract Drilling from 10/5/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 10/5/2024.

When did Independence Contract Drilling pay the last dividend?

The last dividend was paid out on 10/5/2024.

What was the dividend of Independence Contract Drilling in the year 2023?

In the year 2023, Independence Contract Drilling distributed 0 USD as dividends.

In which currency does Independence Contract Drilling pay out the dividend?

The dividends of Independence Contract Drilling are distributed in USD.

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Andere Kennzahlen von Independence Contract Drilling

Our stock analysis for Independence Contract Drilling Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Independence Contract Drilling Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.