Belships ASA (OSTO:BELO) ROCE % : 12.92% (As of Sep. 2024)

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What is Belships 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. Belships ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.92%.

Belships ASA ROCE % Historical Data

The historical data trend for Belships 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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Belships ASA ROCE % Chart

Belships ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.67

-0.90

29.39

27.46

14.33

Belships ASA 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															11.14	15.24	10.59	12.67	12.92

Belships ASA ROCE % Calculation

Belships 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: 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 )
	=	1246.728	/	( ( (9882.995 - 1442.761)	+	(9841.155 - 877.119) )	/ 2 )
	=	1246.728	/	( (8440.234	+	8964.036)	/ 2 )
	=	1246.728	/	8702.135
	=	14.33 %

Belships 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 )
	=	1084.824	/	( ( (9046.508 - 822.439)	+	(9328.576 - 756.52) )	/ 2 )
	=	1084.824	/	( ( 8224.069	+	8572.056 )	/ 2 )
	=	1084.824	/	8398.0625
	=	12.92 %

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

Belships ASA (OSTO:BELO) 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.

Belships ASA ROCE % Related Terms

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Belships ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Belships ASA (OSTO:BELO) » Definitions » ROCE %

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Traded in Other Exchanges

BESHF:USA BELCO:Norway 0DQB:UK NS6:Germany

Address

Lilleakerveien 6D, 7th floor, Oslo, NOR, N-0283

Website

https://www.belships.com

Belships ASA is a fully integrated owner and operator of dry bulk ships. The company also provides commercial and technical ship management services. The Group is divided into the operating segments of Belships and Lighthouse Navigation. The operating segments have world-wide activities. Shipping, in general, offers a world-wide service covering trade routes across globe. It generates maximum revenue from Lighthouse Navigation.

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