GasLog (GasLog) ROCE % : 10.38% (As of Dec. 2023)

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What is GasLog 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. GasLog's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.38%.

GasLog ROCE % Historical Data

The historical data trend for GasLog'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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GasLog ROCE % Chart

GasLog Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.43

3.26

4.40

9.49

9.81

GasLog Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.80	8.65	10.92	9.35	10.38

GasLog ROCE % Calculation

GasLog's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	480.145	/	( ( (5672.048 - 533.056)	+	(5272.464 - 622.542) )	/ 2 )
	=	480.145	/	( (5138.992	+	4649.922)	/ 2 )
	=	480.145	/	4894.457
	=	9.81 %

GasLog's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	482.896	/	( ( (5244.032 - 588.119)	+	(5272.464 - 622.542) )	/ 2 )
	=	482.896	/	( ( 4655.913	+	4649.922 )	/ 2 )
	=	482.896	/	4652.9175
	=	10.38 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

GasLog (NYSE:GLOGpA.PFD) 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.

GasLog ROCE % Related Terms

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GasLog (GasLog) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GasLog Ltd (NYSE:GLOGpA.PFD) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

c/o GasLog LNG Services Ltd, 69 Akti Miaouli, Piraeus, GRC, 18537

Website

https://www.gaslogltd.com

GasLog Ltd is engaged in the ownership, operation, and management of vessels in the LNG (Liquefied natural gas) market, providing maritime services for the transportation of LNG on a world wide basis and LNG vessel management services. The group conducts its operations through its vessel-owning subsidiaries and its vessel management services subsidiary. The company operates around 39 LNG carriers.