Golden Ocean Group (OSL:GOGL) ROCE % : 10.40% (As of Sep. 2024)

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What is Golden Ocean 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. Golden Ocean Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.40%.

Golden Ocean Group ROCE % Historical Data

The historical data trend for Golden Ocean 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.

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Golden Ocean Group ROCE % Chart

Golden Ocean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.85

-3.39

20.23

17.20

6.89

Golden Ocean Group 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															7.06	9.79	11.65	10.66	10.40

Golden Ocean Group ROCE % Calculation

Golden Ocean Group'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 )
	=	2222.031	/	( ( (32182.361 - 2090.906)	+	(36807.046 - 2386.179) )	/ 2 )
	=	2222.031	/	( (30091.455	+	34420.867)	/ 2 )
	=	2222.031	/	32256.161
	=	6.89 %

Golden Ocean Group'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 )
	=	3541.236	/	( ( (36749.029 - 2583.619)	+	(36603.323 - 2681.505) )	/ 2 )
	=	3541.236	/	( ( 34165.41	+	33921.818 )	/ 2 )
	=	3541.236	/	34043.614
	=	10.40 %

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

Golden Ocean Group (OSL:GOGL) 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.

Golden Ocean Group ROCE % Related Terms

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Golden Ocean Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Ocean Group Ltd (OSL:GOGL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GOGL:USA GOGLo:Sweden GOGLo:UK 0RII:UK KT31:Germany KT31:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.goldenocean.bm

Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.