ADS Maritime Holding (ADS Maritime Holding) ROCE % : 7.35% (As of Mar. 2024)

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What is ADS Maritime Holding 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. ADS Maritime Holding's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.35%.

ADS Maritime Holding ROCE % Historical Data

The historical data trend for ADS Maritime Holding'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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ADS Maritime Holding ROCE % Chart

ADS Maritime Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.76

31.81

-0.56

14.02

14.53

ADS Maritime Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.26	16.43	14.47	23.52	7.35

ADS Maritime Holding ROCE % Calculation

ADS Maritime Holding'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 )
	=	4.281	/	( ( (27.968 - 0.565)	+	(32.001 - 0.493) )	/ 2 )
	=	4.281	/	( (27.403	+	31.508)	/ 2 )
	=	4.281	/	29.4555
	=	14.53 %

ADS Maritime Holding's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2.328	/	( ( (32.001 - 0.493)	+	(32.235 - 0.436) )	/ 2 )
	=	2.328	/	( ( 31.508	+	31.799 )	/ 2 )
	=	2.328	/	31.6535
	=	7.35 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

ADS Maritime Holding (GREY:ADCUF) 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.

ADS Maritime Holding ROCE % Related Terms

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ADS Maritime Holding (ADS Maritime Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADS Maritime Holding PLC (GREY:ADCUF) » Definitions » ROCE %

Traded in Other Exchanges

ADS:Norway

Address

22 Amathountos, OSM House, Agios Tychonas, Limassol, CYP, 4532

Website

https://www.adsmh.com

ADS Maritime Holding PLC is a shipping investment company. Its investing philosophy focuses on counter-cyclical investments.

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