OceanPal (OceanPal) ROCE % : -5.60% (As of Mar. 2024)

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What is OceanPal 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. OceanPal's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.60%.

OceanPal ROCE % Historical Data

The historical data trend for OceanPal'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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OceanPal ROCE % Chart

OceanPal Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

3.40

-10.82

-0.52

-1.26

OceanPal Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										4.52	5.11	-14.02	0.24	-5.60

OceanPal ROCE % Calculation

OceanPal'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 )
	=	-1.068	/	( ( (79.018 - 2.459)	+	(94.845 - 2.286) )	/ 2 )
	=	-1.068	/	( (76.559	+	92.559)	/ 2 )
	=	-1.068	/	84.559
	=	-1.26 %

OceanPal's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-5.224	/	( ( (94.845 - 2.286)	+	(94.077 - 0) )	/ 2 )
	=	-5.224	/	( ( 92.559	+	94.077 )	/ 2 )
	=	-5.224	/	93.318
	=	-5.60 %

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

OceanPal (NAS:OP) 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.

OceanPal ROCE % Related Terms

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OceanPal (OceanPal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » OceanPal Inc (NAS:OP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Steamship Shipbroking Enterprises Inc, Pendelis 26, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.oceanpal.com

OceanPal Inc is a provider of shipping transportation services. It specializes in the ownership of vessels. Each of its vessels is owned through a separate wholly-owned subsidiary.