Jordan National Shipping Lines (AMM:SHIP) ROCE % : 9.94% (As of Mar. 2024)

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What is Jordan National Shipping Lines 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. Jordan National Shipping Lines's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.94%.

Jordan National Shipping Lines ROCE % Historical Data

The historical data trend for Jordan National Shipping Lines'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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Jordan National Shipping Lines ROCE % Chart

Jordan National Shipping Lines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.28

8.06

9.86

12.85

10.58

Jordan National Shipping Lines 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															14.21	13.30	6.14	8.35	9.94

Jordan National Shipping Lines ROCE % Calculation

Jordan National Shipping Lines'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 )
	=	3.74	/	( ( (39.337 - 3.799)	+	(40.053 - 4.884) )	/ 2 )
	=	3.74	/	( (35.538	+	35.169)	/ 2 )
	=	3.74	/	35.3535
	=	10.58 %

Jordan National Shipping Lines'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 )
	=	3.48	/	( ( (40.053 - 4.884)	+	(41.176 - 6.332) )	/ 2 )
	=	3.48	/	( ( 35.169	+	34.844 )	/ 2 )
	=	3.48	/	35.0065
	=	9.94 %

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

Jordan National Shipping Lines (AMM:SHIP) 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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Jordan National Shipping Lines (AMM:SHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jordan National Shipping Lines (AMM:SHIP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wadi Saqra Street, Building No. 51, P.O. Box: 5406, Amman, JOR, 11183

Website

https://www.jnslgroup.com

Jordan National Shipping Lines is a shipping company based in Jordan. The company's services include shipping, ship operations, chartering, ship agency, marine services, port operations, manning and technical ship management, energy transport, freight forwarding, maritime education, hospitality, and transportation. The company earns revenue from the Marine services sector and Hotel services sector, out of which the majority comes from the marine sector.