Stainless Tankers ASA (OSL:STST) ROCE % : 19.90% (As of Sep. 2024)

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What is Stainless Tankers ASA 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. Stainless Tankers ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.90%.

Stainless Tankers ASA ROCE % Historical Data

The historical data trend for Stainless Tankers ASA'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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Stainless Tankers ASA ROCE % Chart

Stainless Tankers ASA Annual Data

Trend

Dec23

ROCE %

Stainless Tankers ASA Quarterly Data
	Feb23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	14.82	19.40	19.90

Stainless Tankers ASA ROCE % Calculation

Stainless Tankers ASA'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: . 20 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: . 20 )		(A: Dec. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Stainless Tankers ASA'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 )
	=	288.468	/	( ( (1601.046 - 144.327)	+	(1580.441 - 138.614) )	/ 2 )
	=	288.468	/	( ( 1456.719	+	1441.827 )	/ 2 )
	=	288.468	/	1449.273
	=	19.90 %

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

Stainless Tankers ASA (OSL:STST) 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.

Stainless Tankers ASA ROCE % Related Terms

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Stainless Tankers ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stainless Tankers ASA (OSL:STST) » Definitions » ROCE %

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Traded in Other Exchanges

ZC0:Germany

Address

Henrik Ibsens gate 90, Oslo, NOR, 0255

Website

https://www.stainlesstankers.com

Stainless Tankers ASA is a shipping company specializing in providing seaborne transportation of chemical cargoes world-wide. The Company provides investors with pure-play stainless steel chemical tanker exposure in an investor-friendly structure through its fleet of seven stainless steel vessels.

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