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Golden Ocean Group (OSL:GOGL) Cyclically Adjusted Revenue per Share : kr50.03 (As of Mar. 2024)


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What is Golden Ocean Group Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Golden Ocean Group's adjusted revenue per share for the three months ended in Mar. 2024 was kr13.113. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is kr50.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Golden Ocean Group's average Cyclically Adjusted Revenue Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -10.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Golden Ocean Group was 5.00% per year. The lowest was -16.80% per year. And the median was -6.60% per year.

As of today (2024-06-02), Golden Ocean Group's current stock price is kr150.35. Golden Ocean Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was kr50.03. Golden Ocean Group's Cyclically Adjusted PS Ratio of today is 3.01.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Golden Ocean Group was 3.32. The lowest was 0.24. And the median was 1.12.


Golden Ocean Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Golden Ocean Group's Cyclically Adjusted Revenue per Share 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.

* Premium members only.

Golden Ocean Group Cyclically Adjusted Revenue per Share Chart

Golden Ocean Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.51 43.34 45.68 48.87 50.21

Golden Ocean Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.74 50.45 50.66 50.21 50.03

Competitive Comparison of Golden Ocean Group's Cyclically Adjusted Revenue per Share

For the Marine Shipping subindustry, Golden Ocean Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Golden Ocean Group's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Ocean Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Golden Ocean Group's Cyclically Adjusted PS Ratio falls into.



Golden Ocean Group Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Golden Ocean Group's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=13.113/131.7762*131.7762
=13.113

Current CPI (Mar. 2024) = 131.7762.

Golden Ocean Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 12.901 100.560 16.906
201409 10.440 100.428 13.699
201412 14.996 99.070 19.947
201503 3.768 99.621 4.984
201506 11.167 100.684 14.615
201509 15.785 100.392 20.720
201512 14.347 99.792 18.945
201603 3.601 100.470 4.723
201606 4.271 101.688 5.535
201609 5.430 101.861 7.025
201612 6.841 101.863 8.850
201703 6.631 102.862 8.495
201706 7.050 103.349 8.989
201709 7.517 104.136 9.512
201712 8.822 104.011 11.177
201803 8.380 105.290 10.488
201806 7.635 106.317 9.463
201809 10.615 106.507 13.133
201812 10.298 105.998 12.802
201903 7.265 107.251 8.926
201906 6.948 108.070 8.472
201909 13.993 108.329 17.022
201912 15.601 108.420 18.962
202003 9.799 108.902 11.857
202006 7.785 108.767 9.432
202009 11.753 109.815 14.103
202012 10.422 109.897 12.497
202103 7.989 111.754 9.420
202106 11.556 114.631 13.284
202109 16.666 115.734 18.976
202112 16.992 117.630 19.036
202203 11.590 121.301 12.591
202206 15.269 125.017 16.095
202209 14.445 125.227 15.201
202212 12.314 125.222 12.959
202303 9.385 127.348 9.711
202306 12.714 128.729 13.015
202309 11.922 129.860 12.098
202312 13.285 129.419 13.527
202403 13.113 131.776 13.113

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Golden Ocean Group  (OSL:GOGL) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Golden Ocean Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=150.35/50.03
=3.01

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Golden Ocean Group was 3.32. The lowest was 0.24. And the median was 1.12.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Golden Ocean Group Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Golden Ocean Group's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Golden Ocean Group (OSL:GOGL) Business Description

Industry
Traded in Other Exchanges
Address
14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM 08
Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.

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