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Global Ship Lease (Global Ship Lease) ROCE % : 16.60% (As of Dec. 2023)


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What is Global Ship Lease 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. Global Ship Lease's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.60%.


Global Ship Lease ROCE % Historical Data

The historical data trend for Global Ship Lease'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.

* Premium members only.

Global Ship Lease ROCE % Chart

Global Ship Lease Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.73 8.97 16.54 20.49 18.73

Global Ship Lease 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 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 18.55 18.58 18.93 20.34 16.60

Global Ship Lease ROCE % Calculation

Global Ship Lease'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 )
=349.772/( ( (2106.215 - 261.766) + (2171.78 - 280.44) )/ 2 )
=349.772/( (1844.449+1891.34)/ 2 )
=349.772/1867.8945
=18.73 %

Global Ship Lease'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 )
=314.772/( ( (2191.186 - 290.8) + (2171.78 - 280.44) )/ 2 )
=314.772/( ( 1900.386 + 1891.34 )/ 2 )
=314.772/1895.863
=16.60 %

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

* 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.


Global Ship Lease  (NYSE:GSL) 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.


Global Ship Lease ROCE % Related Terms

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Global Ship Lease (Global Ship Lease) Business Description

Traded in Other Exchanges
Address
25 Wilton Road, London, GBR, SW1V 1LW
Global Ship Lease Inc operates in the container shipping industry. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. The majority of the company's revenues are derived from charters to MAERSK. Its fleet consisted of more than 60 containerships.
Executives
Integrated Core Strategies (us) Llc 10 percent owner C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Nisswa Acquisition Master Fund Ltd. 10 percent owner C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Israel A Englander other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millenco, L.l.c. 10 percent owner C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Millennium Management Llc other: May be deemed a group member. 399 PARK AVENUE, NEW YORK NY 10022
Integrated Holding Group, L.p. other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103-0899
Millennium International Management Lp other: May be deemed a group member. 399 PARK AVENUE, NEW YORK NY 10022
Cognizant Holdings, Ltd. other: May be deemed a group member. C/O MILLENNIUM INTERNATIONAL MGMT. LP, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Millennium Group Management Llc other: May be deemed a group member. C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022