Mermaid Maritime PCL (SGX:DU4) ROCE % : 6.33% (As of Mar. 2024)

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What is Mermaid Maritime PCL 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. Mermaid Maritime PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.33%.

Mermaid Maritime PCL ROCE % Historical Data

The historical data trend for Mermaid Maritime PCL'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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Mermaid Maritime PCL ROCE % Chart

Mermaid Maritime PCL Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.74

-37.28

-6.38

2.60

7.93

Mermaid Maritime PCL 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															-8.02	10.85	18.18	12.50	6.33

Mermaid Maritime PCL ROCE % Calculation

Mermaid Maritime PCL'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 )
	=	22.415	/	( ( (394.038 - 119.375)	+	(474.999 - 184.624) )	/ 2 )
	=	22.415	/	( (274.663	+	290.375)	/ 2 )
	=	22.415	/	282.519
	=	7.93 %

Mermaid Maritime PCL'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 )
	=	17.896	/	( ( (474.999 - 184.624)	+	(491.35 - 216.168) )	/ 2 )
	=	17.896	/	( ( 290.375	+	275.182 )	/ 2 )
	=	17.896	/	282.7785
	=	6.33 %

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

Mermaid Maritime PCL (SGX:DU4) 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.

Mermaid Maritime PCL ROCE % Related Terms

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Mermaid Maritime PCL (SGX:DU4) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mermaid Maritime PCL (SGX:DU4) » Definitions » ROCE %

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Address

Soi Chidlom, Ploenchit Road, No. 26/28-29, Orakarn Building, 9th Floor, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330

Website

https://www.mermaid-group.com

Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.

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