Gulf Island Fabrication (Gulf Island Fabrication) ROCE %

: 18.35% (As of Dec. 2023)

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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. Gulf Island Fabrication's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.35%.

Gulf Island Fabrication ROCE % Historical Data

The historical data trend for Gulf Island Fabrication'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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Gulf Island Fabrication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-18.20

-7.98

-11.41

-9.86

-27.81

Gulf Island Fabrication Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-25.26	1.26	2.86	-136.21	18.35

Gulf Island Fabrication ROCE % Calculation

Gulf Island Fabrication'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 )
	=	-28.179	/	( ( (134.866 - 30.789)	+	(128.428 - 29.847) )	/ 2 )
	=	-28.179	/	( (104.077	+	98.581)	/ 2 )
	=	-28.179	/	101.329
	=	-27.81 %

Gulf Island Fabrication'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 )
	=	17.516	/	( ( (120.602 - 28.296)	+	(128.428 - 29.847) )	/ 2 )
	=	17.516	/	( ( 92.306	+	98.581 )	/ 2 )
	=	17.516	/	95.4435
	=	18.35 %

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

Gulf Island Fabrication (NAS:GIFI) 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.

Gulf Island Fabrication ROCE % Related Terms

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Gulf Island Fabrication (Gulf Island Fabrication) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gulf Island Fabrication Inc (NAS:GIFI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2170 Buckthorne Place, Suite 420, The Woodlands, TX, USA, 77380

Website

https://www.gulfisland.com

Gulf Island Fabrication Inc is a U.S.-based company that is a fabricator of complex steel structures and marine vessels. The company also provides installation, hook-up, commissioning, repair, and maintenance services with specialized crews. The company operates through segments namely Fabrication division fabricates structures such as offshore drilling and production platforms and other steel structures for customers in the oil and gas industries; the Shipyards division manufactures newly built and repairs various steel marine vessels in the United States; the Services division provides interconnect piping services on offshore platforms, welding, and inshore structures and also provides maintenance and industrial facilities.

Executives

Robert M Averick	director, 10 percent owner	KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Jay Troger	director	2170 BUCKTHORNE PLACE, SUITE 420, THE WOODLANDS TX 77380
William E Chiles	director	C/O ENSCO INTERNTIONAL INC, 1445 ROSS AVE, DALLAS TX 75202-2792
Murray W. Burns	director	16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Matthew R Oubre	other: SVP, Commercial	16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
Richard W. Heo	director, officer: President & CEO	2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380
C D Richard	director
Michael A Flick	director	2000 W SAM HOUSTON PARKWAY SOUTH, SUITE 1700, HOUSTON TX 77042
Michael J Keeffe	director	400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
Thomas M. Smouse	officer: VP, Chief Human Resources Offi	16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
James L. Morvant	other: SVP, Fabrication & Services	16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
Piton Capital Partners Llc	10 percent owner	C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, SUITE 2200, OKLAHOMA CITY OK 73134
Gregory J Cotter	director	583 THOMPSON RD, HOUMA LA 70363
Christian G Vaccari	other: Executive VP of Subsidiary	1100 POYDAS ST, STE 2000, NEW ORLEAN LA 70163
Donald John Mackay	other: Executive VP of Subsidiary	16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084