Diamond S Shipping Group (Diamond S Shipping Group) ROCE % : 3.99% (As of Mar. 2013)

View and export this data going back to . Start your Free Trial

What is Diamond S Shipping Group 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. Diamond S Shipping Group's annualized ROCE % for the quarter that ended in Mar. 2013 was 3.99%.

Diamond S Shipping Group ROCE % Historical Data

The historical data trend for Diamond S Shipping Group'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.

* Premium members only.

Diamond S Shipping Group ROCE % Chart

Diamond S Shipping Group Annual Data

Trend

Mar12

Mar13

ROCE %

0.72

3.99

Diamond S Shipping Group Semi-Annual Data
	Mar12	Mar13
ROCE %	0.72	3.99

Diamond S Shipping Group ROCE % Calculation

Diamond S Shipping Group's annualized ROCE % for the fiscal year that ended in Mar. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2013 )		(A: Mar. 2012 )		(A: Mar. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2013 )		(A: Mar. 2012 )		(A: Mar. 2013 )
	=	44.439	/	( ( (1225.534 - 81.354)	+	(1168.143 - 87.209) )	/ 2 )
	=	44.439	/	( (1144.18	+	1080.934)	/ 2 )
	=	44.439	/	1112.557
	=	3.99 %

Diamond S Shipping Group's ROCE % of for the quarter that ended in Mar. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2013 )		(Q: Mar. 2012 )		(Q: Mar. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2013 )		(Q: Mar. 2012 )		(Q: Mar. 2013 )
	=	44.439	/	( ( (1225.534 - 81.354)	+	(1168.143 - 87.209) )	/ 2 )
	=	44.439	/	( ( 1144.18	+	1080.934 )	/ 2 )
	=	44.439	/	1112.557
	=	3.99 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2013) EBIT data.

Diamond S Shipping Group (NYSE:DSG) 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.

Diamond S Shipping Group ROCE % Related Terms

Thank you for viewing the detailed overview of Diamond S Shipping Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Diamond S Shipping Group (Diamond S Shipping Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diamond S Shipping Group Inc (NYSE:DSG) » Definitions » ROCE %

Comparable Companies

PRGNF TEUFF BSTN TOPS RLOG DRYS ESEA GTMAY PXS GLBS SHIP GNKOQ GSL NAO PANL NAP GASS NM DAC OSG

Traded in Other Exchanges

N/A

Address

Website

http://www.diamondsshipping.com

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.