Gulf Marine Services (LSE:GMS) ROCE % : 17.00% (As of Dec. 2023)

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What is Gulf Marine Services 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 Marine Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.00%.

Gulf Marine Services ROCE % Historical Data

The historical data trend for Gulf Marine Services'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 Marine Services ROCE % Chart

Gulf Marine Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.12

-20.33

8.38

7.69

12.63

Gulf Marine Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															12.12	7.28	7.80	9.08	17.00

Gulf Marine Services ROCE % Calculation

Gulf Marine Services'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 )
	=	58.958	/	( ( (540.89 - 56.931)	+	(527.982 - 78.592) )	/ 2 )
	=	58.958	/	( (483.959	+	449.39)	/ 2 )
	=	58.958	/	466.6745
	=	12.63 %

Gulf Marine Services's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	75.894	/	( ( (513.955 - 70.256)	+	(527.982 - 78.592) )	/ 2 )
	=	75.894	/	( ( 443.699	+	449.39 )	/ 2 )
	=	75.894	/	446.5445
	=	17.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Gulf Marine Services (LSE:GMS) 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 Marine Services ROCE % Related Terms

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Gulf Marine Services (LSE:GMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Marine Services PLC (LSE:GMS) » Definitions » ROCE %

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GMSl:UK G0M:Germany

Address

P.O. Box 46046, Abu Dhabi, ARE

Website

https://www.gmsplc.com

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). Its assets provide a stable platform for the delivery of a range of services performed by the company's clients throughout the total lifecycle of offshore oil, gas, and renewable energy activities. Its operating business segments include K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels, E-Class vessels, which include the Endeavour, Endurance, Enterprise and Evolution vessels; and Other vessels segment.