FSLUF (First Ship Lease Trust) ROC %: 9.29% (As of Dec. 2025)


What is First Ship Lease Trust ROC %?

First Ship Lease Trust FSLUF ROC % is 9.29% as of Dec. 2025. The stock has 2 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. First Ship Lease Trust's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 9.29%.

As of today (2026-06-24), First Ship Lease Trust's WACC % is 11.72%. First Ship Lease Trust's ROC % is 7.81% (calculated using TTM income statement data). First Ship Lease Trust earns returns that do not match up to its cost of capital. It will destroy value as it grows.

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

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, First Ship Lease Trust's WACC % is 11.72%. First Ship Lease Trust's ROC % is 7.81% (calculated using TTM income statement data). First Ship Lease Trust earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of 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.

First Ship Lease Trust ROC % Related Terms

First Ship Lease Trust ROC % Historical Data

* Premium members only.

The historical data trend for First Ship Lease Trust's ROC % 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 ROC % Chart

First Ship Lease Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 10.29 9.05 10.81 7.39

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
ROC % 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 9.72 8.99 12.32 7.43 9.29

First Ship Lease Trust ROC % Calculation

First Ship Lease Trust's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=1.932 * ( 1 - 0.52% )/( (29.318 + 22.71)/ 2 )
=1.9219536/26.014
=7.39 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=42.659 - 0.839 - ( 14.788 - max(0, 3.464 - 15.966+14.788))
=29.318

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=43.939 - 0.395 - ( 20.834 - max(0, 0.532 - 21.448+20.834))
=22.71

First Ship Lease Trust's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=2.018 * ( 1 - 0.83% )/( (20.371 + 22.71)/ 2 )
=2.0012506/21.5405
=9.29 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=40.767 - 0.526 - ( 20.231 - max(0, 1.075 - 20.945+20.231))
=20.371

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=43.939 - 0.395 - ( 20.834 - max(0, 0.532 - 21.448+20.834))
=22.71

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 9.29% mean?
First Ship Lease Trust (FSLUF) has a ROC % of 9.29% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on First Ship Lease Trust and its competitors.
Is First Ship Lease Trust's ROC % too high?
First Ship Lease Trust's current ROC % is 9.29%. The Business Services industry median ROC % is 5.92. First Ship Lease Trust's value of 9.29% is 56.9% above this industry median.
How does First Ship Lease Trust's ROC % compare to URI and SUNB?
First Ship Lease Trust's ROC % of 9.29% can be compared against companies in the Business Services industry. The industry median ROC % is 5.92. First Ship Lease Trust's value of 9.29% is 56.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Business Services company?
The median ROC % among Business Services companies is 5.92, based on 1,075 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Ship Lease Trust's current ROC % of 9.29% is 56.9% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on First Ship Lease Trust and its competitors. For the Business Services industry, the median ROC % is 5.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Ship Lease Trust's current ROC % is 9.29%. 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 ROC % of 9.29%. 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 ROC % is 9.29% and 56.9% above the Business Services industry median of 5.92. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For First Ship Lease Trust (FSLUF), the current ROC % is 9.29% 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.