Viking Supply Ships AB (OSTO:VSSAB B) ROCE % : 4.34% (As of Mar. 2024)

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What is Viking Supply Ships AB 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. Viking Supply Ships AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.34%.

Viking Supply Ships AB ROCE % Historical Data

The historical data trend for Viking Supply Ships AB'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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Viking Supply Ships AB ROCE % Chart

Viking Supply Ships AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.25

-10.35

-6.94

0.62

-3.33

Viking Supply Ships AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.77	-0.38	0.19	-15.23	4.34

Viking Supply Ships AB ROCE % Calculation

Viking Supply Ships AB'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 )
	=	-77.086	/	( ( (2134.582 - 109.371)	+	(2787.942 - 186.949) )	/ 2 )
	=	-77.086	/	( (2025.211	+	2600.993)	/ 2 )
	=	-77.086	/	2313.102
	=	-3.33 %

Viking Supply Ships AB'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 )
	=	116	/	( ( (2787.942 - 186.949)	+	(2917 - 172) )	/ 2 )
	=	116	/	( ( 2600.993	+	2745 )	/ 2 )
	=	116	/	2672.9965
	=	4.34 %

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

Viking Supply Ships AB (OSTO:VSSAB B) 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.

Viking Supply Ships AB ROCE % Related Terms

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Viking Supply Ships AB (OSTO:VSSAB B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Viking Supply Ships AB (OSTO:VSSAB B) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Idrottsvagen 1, Stenungsund, SWE, 444 31

Website

https://www.vikingsupply.com

Viking Supply Ships AB offers offshore and icebreaking services to oil-prospecting customers in the North Sea, Arctic, and Subarctic waters. It operates in four segments: Ice-classed AHTS (Anchor Handling Tug Supply), Ice-classed PSV, Ice Management & Services, and Ship Management. The company's geographical segments are Denmark, Norway, Russia, Poland, the United Kingdom, the Netherlands, Cyprus, the USA, Sweden, and the Rest of the world. Geographically majority of revenue derives from the UK followed by Sweden.

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