Bhagwan Marine (ASX:BWN) ROCE % : 19.95% (As of Dec. 2024)

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What is Bhagwan Marine 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. Bhagwan Marine's annualized ROCE % for the quarter that ended in Dec. 2024 was 19.95%.

Bhagwan Marine ROCE % Historical Data

The historical data trend for Bhagwan Marine'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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Bhagwan Marine ROCE % Chart

Bhagwan Marine Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

7.56

Bhagwan Marine Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24	Dec24
ROCE %	-	-	12.49	-1.66	19.95

Bhagwan Marine ROCE % Calculation

Bhagwan Marine's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	8.935	/	( ( (0 - 0)	+	(254.154 - 135.963) )	/ 1 )
	=	8.935	/	( (0	+	118.191)	/ 1 )
	=	8.935	/	118.191
	=	7.56 %

Bhagwan Marine's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	29.256	/	( ( (254.154 - 135.963)	+	(244.888 - 69.752) )	/ 2 )
	=	29.256	/	( ( 118.191	+	175.136 )	/ 2 )
	=	29.256	/	146.6635
	=	19.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Bhagwan Marine (ASX:BWN) 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.

Bhagwan Marine ROCE % Related Terms

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Bhagwan Marine Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Bhagwan Marine Ltd (ASX:BWN) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

251 St Georges Terrace, Level 3, Perth, WA, AUS, 6000

Website

https://www.bhagwanmarine.com

Bhagwan Marine Ltd is a marine vessel operator and service provider in Australia. It provides a diverse range of marine solutions within Ports, Nearshore, Offshore, and Subsea locations to industries including Oil and Gas, Subsea, Port, Civil Construction, Renewables and Defence. The company has a fleet of inshore and offshore vessels that enables it to deliver a diversified service offering providing bespoke marine solutions. Bhagwan is managed based on a single segment.