Flex LNG (OSTO:FLNGO) ROCE % : 7.20% (As of Sep. 2024)

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What is Flex LNG 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. Flex LNG's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.20%.

Flex LNG ROCE % Historical Data

The historical data trend for Flex LNG'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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Flex LNG ROCE % Chart

Flex LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.66

2.62

9.61

11.16

9.30

Flex LNG 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															11.06	7.23	9.46	7.84	7.20

Flex LNG ROCE % Calculation

Flex LNG'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 )
	=	2414.135	/	( ( (26473.847 - 1513.612)	+	(28580.361 - 1616.875) )	/ 2 )
	=	2414.135	/	( (24960.235	+	26963.486)	/ 2 )
	=	2414.135	/	25961.8605
	=	9.30 %

Flex LNG'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 )
	=	1858.616	/	( ( (28040.6 - 1715.406)	+	(26872.459 - 1594.707) )	/ 2 )
	=	1858.616	/	( ( 26325.194	+	25277.752 )	/ 2 )
	=	1858.616	/	25801.473
	=	7.20 %

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

Flex LNG (OSTO:FLNGo) 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.

Flex LNG ROCE % Related Terms

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Flex LNG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (OSTO:FLNGo) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FLNG:USA FLNG:Norway FLNGo:UK 0RQ8:UK 0QQA:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08

Website

https://www.flexlng.com

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

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