Great Lakes Dredge & Dock (FRA:5GL) ROCE % : 6.90% (As of Sep. 2024)

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What is Great Lakes Dredge & Dock 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. Great Lakes Dredge & Dock's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.90%.

Great Lakes Dredge & Dock ROCE % Historical Data

The historical data trend for Great Lakes Dredge & Dock'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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Great Lakes Dredge & Dock ROCE % Chart

Great Lakes Dredge & Dock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.42

14.44

10.76

-3.64

3.43

Great Lakes Dredge & Dock Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-2.43	13.55	13.76	6.26	6.90

Great Lakes Dredge & Dock ROCE % Calculation

Great Lakes Dredge & Dock'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 )
	=	27.924	/	( ( (926.8 - 151.354)	+	(1018.64 - 164.549) )	/ 2 )
	=	27.924	/	( (775.446	+	854.091)	/ 2 )
	=	27.924	/	814.7685
	=	3.43 %

Great Lakes Dredge & Dock's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	60.884	/	( ( (1047.603 - 153.995)	+	(1031.95 - 160.128) )	/ 2 )
	=	60.884	/	( ( 893.608	+	871.822 )	/ 2 )
	=	60.884	/	882.715
	=	6.90 %

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

Great Lakes Dredge & Dock (FRA:5GL) 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.

Great Lakes Dredge & Dock ROCE % Related Terms

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Great Lakes Dredge & Dock Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Great Lakes Dredge & Dock Corp (FRA:5GL) » Definitions » ROCE %

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GLDD:USA

Address

9811 Katy Freeway, Suite 1200, Houston, TX, USA, 77024

Website

https://www.gldd.com

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. Dredging involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Its project portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.

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