Cool Co (STU:HQ3) ROCE % : 6.20% (As of Sep. 2024)

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What is Cool Co 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. Cool Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.20%.

Cool Co ROCE % Historical Data

The historical data trend for Cool Co'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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Cool Co ROCE % Chart

Cool Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

6.96

14.30

Cool Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						13.40	9.62	12.86	10.52	6.20

Cool Co ROCE % Calculation

Cool Co'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 )
	=	235.769	/	( ( (1942.81 - 262.988)	+	(1886.217 - 268.984) )	/ 2 )
	=	235.769	/	( (1679.822	+	1617.233)	/ 2 )
	=	235.769	/	1648.5275
	=	14.30 %

Cool Co'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 )
	=	97.728	/	( ( (1874.439 - 261.579)	+	(1868.36 - 327.899) )	/ 2 )
	=	97.728	/	( ( 1612.86	+	1540.461 )	/ 2 )
	=	97.728	/	1576.6605
	=	6.20 %

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

Cool Co (STU:HQ3) 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.

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Cool Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cool Co Ltd (STU:HQ3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CLCO:USA CLCO:Norway

Address

22 Victoria Street, Canon's Court, Pembroke, Hamilton, BMU, HM 11

Website

https://www.coolcoltd.com

Cool Co Ltd is a LNG shipping company. The company is engaged in the acquisition, ownership, operation and chartering of liquefied natural gas (LNG) carriers (LNGCs), and the operation of third party fleets under management agreements.

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