Pacific Basin Shipping (Pacific Basin Shipping) ROCE % : 3.37% (As of Dec. 2023)

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What is Pacific Basin Shipping 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. Pacific Basin Shipping's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.37%.

Pacific Basin Shipping ROCE % Historical Data

The historical data trend for Pacific Basin Shipping'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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Pacific Basin Shipping ROCE % Chart

Pacific Basin Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.38

-8.56

40.75

31.50

6.21

Pacific Basin Shipping Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															64.30	39.31	21.23	9.12	3.37

Pacific Basin Shipping ROCE % Calculation

Pacific Basin Shipping'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 )
	=	133.508	/	( ( (2648.685 - 426.846)	+	(2432.462 - 353) )	/ 2 )
	=	133.508	/	( (2221.839	+	2079.462)	/ 2 )
	=	133.508	/	2150.6505
	=	6.21 %

Pacific Basin Shipping'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	70.278	/	( ( (2515.794 - 422.076)	+	(2432.462 - 353) )	/ 2 )
	=	70.278	/	( ( 2093.718	+	2079.462 )	/ 2 )
	=	70.278	/	2086.59
	=	3.37 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Pacific Basin Shipping (OTCPK:PCFBF) 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.

Pacific Basin Shipping ROCE % Related Terms

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Pacific Basin Shipping (Pacific Basin Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Basin Shipping Ltd (OTCPK:PCFBF) » Definitions » ROCE %

Traded in Other Exchanges

PCFBY:USA 02343:Hong Kong OYD:Germany

Address

2 Heung Yip Road, 31st Floor One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.pacificbasin.com

Pacific Basin Shipping Ltd is an investment holding company engaged in the provision of dry bulk shipping services internationally including Asia, America, Europe, Africa, and Australia and New Zealand. The company generates revenue from shipping activities, while the principal sources of which are derived from Handysize and Supramax vessels.