Odfjell Technology (LTS:0ABV) ROCE % : 11.84% (As of Sep. 2024)

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What is Odfjell Technology 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. Odfjell Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.84%.

Odfjell Technology ROCE % Historical Data

The historical data trend for Odfjell Technology'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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Odfjell Technology ROCE % Chart

Odfjell Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.32

4.60

3.69

12.99

22.14

Odfjell Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													19.67	27.54	13.92	20.16	11.84

Odfjell Technology ROCE % Calculation

Odfjell Technology'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 )
	=	520.4	/	( ( (3114.9 - 1070.4)	+	(3694.6 - 1037.9) )	/ 2 )
	=	520.4	/	( (2044.5	+	2656.7)	/ 2 )
	=	520.4	/	2350.6
	=	22.14 %

Odfjell Technology'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 )
	=	340	/	( ( (3890.5 - 997.9)	+	(3862.9 - 1012.1) )	/ 2 )
	=	340	/	( ( 2892.6	+	2850.8 )	/ 2 )
	=	340	/	2871.7
	=	11.84 %

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

Odfjell Technology (LTS:0ABV) 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.

Odfjell Technology ROCE % Related Terms

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Odfjell Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Technology Ltd (LTS:0ABV) » Definitions » ROCE %

Comparable Companies

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OTLo:Sweden OTL:Norway ND4:Germany

Address

Prime View, Prime Four Business Park, Lower Ground Floor, Kingswells, Aberdeen, GBR, AB15 8PU

Website

https://www.odfjelltechnology.com

Odfjell Technology Ltd is a well services, drilling operations, engineering, and sustainable energy solutions provider, offering engineering services, well services, and drilling operation services to both onshore and offshore drilling operations, with an offshore focus.

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