Odyssey Marine Exploration (Odyssey Marine Exploration) ROCE % : 0.00% (As of Jun. 2023)

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What is Odyssey Marine Exploration 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. Odyssey Marine Exploration's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Odyssey Marine Exploration ROCE % Historical Data

The historical data trend for Odyssey Marine Exploration'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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Odyssey Marine Exploration ROCE % Chart

Odyssey Marine Exploration Annual Data

Trend

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ROCE %

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Odyssey Marine Exploration Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Odyssey Marine Exploration ROCE % Calculation

Odyssey Marine Exploration's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-16.797	/	( ( (8.909 - 52.609)	+	(13.282 - 64.686) )	/ 2 )
	=	-16.797	/	( (-43.7	+	-51.404)	/ 2 )
	=	-16.797	/	-47.552
	=	35.32 %

Odyssey Marine Exploration's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-14.836	/	( ( (13.162 - 36.333)	+	(13.986 - 40.268) )	/ 2 )
	=	-14.836	/	( ( -23.171	+	-26.282 )	/ 2 )
	=	-14.836	/	-24.7265
	=	0 %

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

Odyssey Marine Exploration (NAS:OMEX) 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.

Odyssey Marine Exploration ROCE % Related Terms

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Odyssey Marine Exploration (Odyssey Marine Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Odyssey Marine Exploration Inc (NAS:OMEX) » Definitions » ROCE %

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Traded in Other Exchanges

OYM1:Germany

Address

205 South Hoover Boulevard, Suite 210, Tampa, FL, USA, 33609

Website

https://www.odysseymarine.com

Odyssey Marine Exploration Inc is a deep-ocean exploration company. It is engaged in the discovery, validation, and development of subsea mineral deposits in a socially and environmentally responsible manner. The company works with governments worldwide to identify mineral resources in Exclusive Economic Zones, focusing on phosphorite (fertilizer) and polymetallic nodule (battery metals) projects.

Executives

John Abbott	director	101 20TH ST, APT 2706, MIAMI FL 33139
Laura Lionetti Barton	officer: EVP, Secretary, Corp Comm	5215 WEST LAUREL STREET, TAMPA FL 33607
Mark B Justh	director	5215 WEST LAUREL STREET, TAMPA FL 33607
Christopher Emlyn Jones	officer: Chief Financial Officer	205 S HOOVER BLVD STE 210, #210, TAMPA FL 33609
Fourworld Capital Management Llc	10 percent owner	7 WORLD TRADE CENTER, FL. 46, NEW YORK NY 10007
John Addis	10 percent owner	7 WORLD TRADE CENTER, FLOOR 46, NEW YORK NY 10007
Todd E Siegel	director	2003 GANDY BLVD. NORTH, SUITE 800, ST. PETERSBURG FL 33702
Longley John D Jr	officer: Chief Operating Officer	5215 WEST LAUREL STREET, TAMPA FL 33607
Jon D Sawyer	director	29491 CAMELBACK DRIVE, EVERGREEN CO 80439
James S Pignatelli	director	2300 E SLINGSHOT WAY, KAMAS UT 84036
Mark Gordon	director, officer: CEO and President	5215 WEST LAUREL STREET, TAMPA FL 33607
Jay Nudi	officer: CFO/Treasurer	5215 WEST LAUREL STREET, TAMPA FL 33607
David J Saul	director	18 DEVONSHIRE BAY ROAD, DEVONSHIRE D0 DV07
Philip S Devine	officer: Chief Financial Officer	5215 WEST LAUREL STREET, TAMPA FL 33607
Michael J Holmes	officer: Chief Financial Officer	5215 W LAUREL ST, TAMPA FL 33607