2020 Bulkers (OSL:2020) ROCE % : 20.63% (As of Dec. 2023)

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What is 2020 Bulkers 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. 2020 Bulkers's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.63%.

2020 Bulkers ROCE % Historical Data

The historical data trend for 2020 Bulkers'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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2020 Bulkers ROCE % Chart

2020 Bulkers Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.12

6.32

21.92

11.92

11.16

2020 Bulkers 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															10.22	4.05	9.52	9.43	20.63

2020 Bulkers ROCE % Calculation

2020 Bulkers'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 )
	=	404.042	/	( ( (3752.462 - 203.53)	+	(3967.629 - 274.284) )	/ 2 )
	=	404.042	/	( (3548.932	+	3693.345)	/ 2 )
	=	404.042	/	3621.1385
	=	11.16 %

2020 Bulkers'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 )
	=	767.996	/	( ( (3963.849 - 210.204)	+	(3967.629 - 274.284) )	/ 2 )
	=	767.996	/	( ( 3753.645	+	3693.345 )	/ 2 )
	=	767.996	/	3723.495
	=	20.63 %

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

2020 Bulkers (OSL:2020) 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.

2020 Bulkers ROCE % Related Terms

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2020 Bulkers (OSL:2020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » 2020 Bulkers Ltd (OSL:2020) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TTBKF:USA 2020:Sweden 2020o:UK 0FF:Germany

Address

Tjuvholmen alle 3, 9th floor, Oslo, NOR, 0252

Website

https://www.2020bulkers.com

2020 Bulkers Ltd is an owner and operator of large dry bulk vessels. The Company has eight Newcastlemax dry bulk vessels in operation.

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