Hermitage Offshore Services (FRA:N5OA) ROCE % : -9.82% (As of Mar. 2020)

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What is Hermitage Offshore Services 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. Hermitage Offshore Services's annualized ROCE % for the quarter that ended in Mar. 2020 was -9.82%.

Hermitage Offshore Services ROCE % Historical Data

The historical data trend for Hermitage Offshore Services'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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Hermitage Offshore Services ROCE % Chart

Hermitage Offshore Services Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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-3.31

-8.53

-6.47

-68.17

Hermitage Offshore Services Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
ROCE %	Get a 7-Day Free Trial															-10.48	-11.51	-27.22	-	-9.82

Hermitage Offshore Services ROCE % Calculation

Hermitage Offshore Services's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	0	/	( ( (167.954 - 3.94)	+	(181.718 - 7.275) )	/ 2 )
	=	0	/	( (164.014	+	174.443)	/ 2 )
	=	0	/	169.2285
	=	0.00 %

Hermitage Offshore Services's ROCE % of for the quarter that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	-17.092	/	( ( (181.718 - 7.275)	+	(180.012 - 6.374) )	/ 2 )
	=	-17.092	/	( ( 174.443	+	173.638 )	/ 2 )
	=	-17.092	/	174.0405
	=	-9.82 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

Hermitage Offshore Services (FRA:N5OA) 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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Hermitage Offshore Services (FRA:N5OA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hermitage Offshore Services Ltd (FRA:N5OA) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

27 Reid Street, LOM Building, Hamilton, BMU, HM 11

Website

https://www.hermitage-offshore.com

Hermitage Offshore Services Ltd is a platform supply vessel company. The company owns and operates platform supply vessels in the North Sea and in West Africa. Its operating segment is the offshore support vessel market. All the company's vessels operate in the North Sea in both the term and spot market. Its vessels are considered homogeneous and interchangeable as it has approximately the same cargo deck area and capacity.

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