Foraco International SA

Toronto Stock Exchange FAR.TO

Foraco International SA Return on Equity (ROE) for the year ending December 31, 2023: 33.42%

Foraco International SA Return on Equity (ROE) is 33.42% for the year ending December 31, 2023, a 10.24% change year over year. Return on equity measures profit against shareholder equity; higher ROE indicates superior profitability and value creation.

Foraco International SA Return on Equity (ROE) for the year ending December 31, 2022 was 30.31%, a -52.18% change year over year.
Foraco International SA Return on Equity (ROE) for the year ending December 31, 2021 was 63.39%, a 6.97% change year over year.
Foraco International SA Return on Equity (ROE) for the year ending December 31, 2020 was 59.26%, a 597.89% change year over year.
Foraco International SA Return on Equity (ROE) for the year ending December 31, 2019 was 8.49%, a 130.21% change year over year.

Key data

Date	Return on Equity (ROE)	Return on Capital Employed (ROCE)	Interest Coverage Ratio	Debt to Equity Ratio

Toronto Stock Exchange: FAR.TO

Foraco International SA

CEO	Mr. Timothy Bremner
IPO Date	July 27, 2007
Location	France
Headquarters	26 Plage de l’Estaque
Employees	2,100
Sector	Energy
Industries Drilling Diamonds Geothermal Energy Gold Mining Offshore Drilling Oil & Gas

Description

Foraco International SA, together with its subsidiaries, provides drilling services worldwide. It operates through two segments: Mining and Water. The company offers its drilling services to the mining and energy industry, such as exploration, development, and production related underground water drilling services. It also drills wells for drinking, irrigation, industrial water, and dewatering wells; and undertakes a range of projects, including village water drilling programs, specialized drilling projects to access mineral water using sanitary protection methods, and large diameter well fields for residential supply in urban environments, as well as provides inspection, servicing, and rehabilitation services for existing wells. As of December 31, 2021, the company operated 302 drill rigs, including 62 rotary drilling rigs, 190 core diamond drilling rigs, 18 combination rigs, and 32 underground rigs. It serves mining companies, governmental organizations, and international development funds. The company was founded in 1961 and is headquartered in Marseille, France.

Key trends

Past 5 years