Golden Energy Offshore Services AS (OSL:GEOS) ROCE % : 40.58% (As of Dec. 2023)

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What is Golden Energy Offshore Services AS 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. Golden Energy Offshore Services AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 40.58%.

Golden Energy Offshore Services AS ROCE % Historical Data

The historical data trend for Golden Energy Offshore Services AS'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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Golden Energy Offshore Services AS ROCE % Chart

Golden Energy Offshore Services AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.82

-42.32

-33.11

4.39

9.43

Golden Energy Offshore Services AS Quarterly Data
	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.88	-21.15	40.22	-26.88	40.58

Golden Energy Offshore Services AS ROCE % Calculation

Golden Energy Offshore Services AS'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 )
	=	79.005	/	( ( (565.021 - 164.268)	+	(1558.874 - 284.019) )	/ 2 )
	=	79.005	/	( (400.753	+	1274.855)	/ 2 )
	=	79.005	/	837.804
	=	9.43 %

Golden Energy Offshore Services AS'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 )
	=	368.336	/	( ( (872.685 - 332.154)	+	(1558.874 - 284.019) )	/ 2 )
	=	368.336	/	( ( 540.531	+	1274.855 )	/ 2 )
	=	368.336	/	907.693
	=	40.58 %

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

Golden Energy Offshore Services AS (OSL:GEOS) 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.

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Golden Energy Offshore Services AS (OSL:GEOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Energy Offshore Services AS (OSL:GEOS) » Definitions » ROCE %

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Traded in Other Exchanges

GEOUF:USA J9X:Germany

Address

St Olavs Plass 1, Alesund, NOR, 6002

Website

https://www.geoff.no

Golden Energy Offshore Services AS is a shipowner and operator of modern and high-spec offshore service vessels for the oil and gas service industry. The company's fleet includes Energy Empress, Larissa, and many more. Geographically, it derives a majority of its revenue from Europe.