FSLUF (First Ship Lease Trust) ROA %: 24.13% (As of Dec. 2025) — 633% Above Median


What is First Ship Lease Trust ROA %?

First Ship Lease Trust FSLUF ROA % is 24.13% as of Dec. 2025, which is 633% above its 10-year median of 3.29. The stock has 2 warning signs investors should review. Among 1,096 Business Services companies, First Ship Lease Trust ranks better than 92.97% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. First Ship Lease Trust's annualized Net Income for the quarter that ended in Dec. 2025 was $10.22 Mil. First Ship Lease Trust's average Total Assets over the quarter that ended in Dec. 2025 was $42.35 Mil. Therefore, First Ship Lease Trust's annualized ROA % for the quarter that ended in Dec. 2025 was 24.13%.

The historical rank and industry rank for First Ship Lease Trust's ROA % or its related term are showing as below:

FSLUF' s ROA % Range Over the Past 10 Years
Min: -17.65   Med: 3.29   Max: 17.71
Current: 15.91

During the past 13 years, First Ship Lease Trust's highest ROA % was 17.71%. The lowest was -17.65%. And the median was 3.29%.

FSLUF's ROA % is ranked better than
92.97% of 1096 companies
in the Business Services industry
Industry Median: 3.455 vs FSLUF: 15.91

First Ship Lease Trust  (OTCPK:FSLUF) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=10.218/42.353
=(Net Income / Revenue)*(Revenue / Total Assets)
=(10.218 / 6.102)*(6.102 / 42.353)
=Net Margin %*Asset Turnover
=167.45 %*0.1441
=24.13 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


First Ship Lease Trust ROA % Related Terms


First Ship Lease Trust ROA % Historical Data

* Premium members only.

The historical data trend for First Ship Lease Trust's ROA % 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.

First Ship Lease Trust ROA % Chart

First Ship Lease Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.24 17.80 5.59 15.24 15.84

First Ship Lease Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.63 5.33 34.29 8.38 24.13

FSLUF vs URI, SUNB, AER: ROA % Comparison

For the Rental & Leasing Services subindustry, First Ship Lease Trust's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Ship Lease Trust ROA % vs Business Services Industry

For the Business Services industry and Industrials sector, First Ship Lease Trust's ROA % distribution charts can be found below:

* The bar in red indicates where First Ship Lease Trust's ROA % falls into.



First Ship Lease Trust ROA % Calculation

First Ship Lease Trust's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=6.857/( (42.659+43.939)/ 2 )
=6.857/43.299
=15.84 %

First Ship Lease Trust's annualized ROA % for the quarter that ended in Dec. 2025 is calculated as:

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=10.218/( (40.767+43.939)/ 2 )
=10.218/42.353
=24.13 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Dec. 2025) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 24.13% mean?
First Ship Lease Trust (FSLUF) has a ROA % of 24.13% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on First Ship Lease Trust and its competitors. This is 633% above median its historical median of 3.29. According to the industry distribution chart, First Ship Lease Trust ranks #77 out of 1096 companies in the Business Services industry, placing it in the top 7%.
Is First Ship Lease Trust's ROA % too high?
First Ship Lease Trust's current ROA % of 24.13% is 633% above median its 10-year median of 3.29. The Business Services industry median ROA % is 3.46. First Ship Lease Trust's value of 24.13% is 598.4% above this industry median. Based on the distribution chart, First Ship Lease Trust ranks #77 out of 1096 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers.
How does First Ship Lease Trust's ROA % compare to URI and SUNB?
According to the Business Services industry distribution chart, First Ship Lease Trust ranks #77 out of 1096 companies for ROA %. This places First Ship Lease Trust in the top 7% of its industry — outperforming the majority of peers. The industry median ROA % is 3.46. First Ship Lease Trust's value of 24.13% is 598.4% above this benchmark. While the company's 10-year median is 3.29 vs. the industry median of 3.46, First Ship Lease Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Business Services company?
The median ROA % among Business Services companies is 3.46, based on 1,096 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Ship Lease Trust's current ROA % of 24.13% is 598.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on First Ship Lease Trust and its competitors. For the Business Services industry, the median ROA % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Ship Lease Trust's current ROA % is 24.13%, which is 633% above median its own 10-year median of 3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Ship Lease Trust stock overvalued right now?
First Ship Lease Trust (FSLUF) has a current ROA % of 24.13%. The stock's GF Value™ is $0.02, compared to a current price of $0.04 — trading 100% above its estimated fair value. The current ROA % is 24.13%, which is 633% above median its 10-year median of 3.29 and 598.4% above the Business Services industry median of 3.46. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For First Ship Lease Trust (FSLUF), the current ROA % is 24.13% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Ship Lease Trust Business Description

Other Exchanges D8DU:Singapore
Address 7 Temasek Boulevard, No. 26-02 Suntec Tower One, Singapore, SGP, 038987
First Ship Lease Trust is engaged in the shipping business. The trust acts as a shipowner and provider of leasing services to the international shipping industry. The group has one segment that is only involved in the leasing and chartering of vessels which is carried out in international waters. The company has 6 vessels chartered to an international shipping company on fixed-rate period bareboat charters.