CH Offshore (SGX:C13) ROCE % : -18.95% (As of Dec. 2023)

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What is CH Offshore 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. CH Offshore's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.95%.

CH Offshore ROCE % Historical Data

The historical data trend for CH Offshore'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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CH Offshore ROCE % Chart

CH Offshore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.43

-26.19

-8.37

-6.72

-17.95

CH Offshore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-13.08	0.84	-14.28	-17.14	-18.95

CH Offshore ROCE % Calculation

CH Offshore'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 )
	=	-11.326	/	( ( (84.09 - 13.482)	+	(72.571 - 16.99) )	/ 2 )
	=	-11.326	/	( (70.608	+	55.581)	/ 2 )
	=	-11.326	/	63.0945
	=	-17.95 %

CH Offshore's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-11.28	/	( ( (78.855 - 15.392)	+	(72.571 - 16.99) )	/ 2 )
	=	-11.28	/	( ( 63.463	+	55.581 )	/ 2 )
	=	-11.28	/	59.522
	=	-18.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

CH Offshore (SGX:C13) 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.

CH Offshore ROCE % Related Terms

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CH Offshore (SGX:C13) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CH Offshore Ltd (SGX:C13) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12A Jalan Samulun, Singapore, SGP, 629131

Website

https://www.choffshore.com.sg

CH Offshore Ltd is a Singapore-based company. The principal activities of the company are that of investment holding and the owning and chartering of vessels. The company is engaged in offshore oil and gas exploration, development and production. It offers a wide range of services including towing, anchor-handling, the supply of deck, liquid and dry bulk cargoes, and supply of dangerous goods. The Group operates and charters vessels across the globe from Mexico, Africa, India to South-East Asia. The operations of the Group are associated with the support of offshore oil and gas industry which is the single operating segment of the group.

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