Gulf Navigation Holding PJSC (DFM:GULFNAV) ROCE % : 3.44% (As of Dec. 2024)

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What is Gulf Navigation Holding PJSC 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. Gulf Navigation Holding PJSC's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.44%.

Gulf Navigation Holding PJSC ROCE % Historical Data

The historical data trend for Gulf Navigation Holding PJSC'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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Gulf Navigation Holding PJSC ROCE % Chart

Gulf Navigation Holding PJSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-33.41

18.06

4.38

6.15

-0.44

Gulf Navigation Holding PJSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-6.86	-3.49	-4.92	5.20	3.44

Gulf Navigation Holding PJSC ROCE % Calculation

Gulf Navigation Holding PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-2.515	/	( ( (1002.34 - 311.286)	+	(739.608 - 285.579) )	/ 2 )
	=	-2.515	/	( (691.054	+	454.029)	/ 2 )
	=	-2.515	/	572.5415
	=	-0.44 %

Gulf Navigation Holding PJSC'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: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	16.484	/	( ( (995.503 - 492.444)	+	(739.608 - 285.579) )	/ 2 )
	=	16.484	/	( ( 503.059	+	454.029 )	/ 2 )
	=	16.484	/	478.544
	=	3.44 %

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

Gulf Navigation Holding PJSC (DFM:GULFNAV) 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.

Gulf Navigation Holding PJSC ROCE % Related Terms

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Gulf Navigation Holding PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gulf Navigation Holding PJSC (DFM:GULFNAV) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Al Barsha 1, API Trio Tower, P.O. Box: 49651, 39th Floor, Dubai, ARE

Website

https://www.gulfnav.com

Gulf Navigation Holding PJSC is primarily engaged in sea transport of oil and petroleum products and similar commodities, ship charter, shipping lines of freight and passenger transportation, sea freight and passenger charters, shipping services, sea shipping lines agents, clearing and forwarding services, cargo loading and unloading services, cargo packaging, sea cargo services and ship management operations. The company has three segments Vessel chartering, Shipping and technical services, and Corporate. The company generates the majority of its revenue from the Vessel chartering segment.

Gulf Navigation Holding PJSC Headlines

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