SBPD.PFD (Safe Bulkers) ROCE % : 10.32% (As of Sep. 2024)

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What is Safe Bulkers 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. Safe Bulkers's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.32%.

Safe Bulkers ROCE % Historical Data

The historical data trend for Safe Bulkers'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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Safe Bulkers ROCE % Chart

Safe Bulkers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.18

0.82

18.85

17.56

8.37

Safe Bulkers 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															7.13	11.20	10.42	10.92	10.32

Safe Bulkers ROCE % Calculation

Safe Bulkers'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 )
	=	102.058	/	( ( (1245.918 - 91.317)	+	(1339.816 - 55.733) )	/ 2 )
	=	102.058	/	( (1154.601	+	1284.083)	/ 2 )
	=	102.058	/	1219.342
	=	8.37 %

Safe Bulkers'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 )
	=	131.216	/	( ( (1337.874 - 54.304)	+	(1347.991 - 89.019) )	/ 2 )
	=	131.216	/	( ( 1283.57	+	1258.972 )	/ 2 )
	=	131.216	/	1271.271
	=	10.32 %

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

Safe Bulkers (NYSE:SBpD.PFD) 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.

Safe Bulkers ROCE % Related Terms

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Safe Bulkers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Safe Bulkers Inc (NYSE:SBpD.PFD) » Definitions » ROCE %

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SBpC.PFD:USA SB:USA SBL:Germany

Address

6, Avenue des Citronniers, Apartment D11, Les Acanthes, Monaco City, MCO, MC98000

Website

https://www.safebulkers.com

Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services.