Pangaea Logistics Solutions (STU:PGA) ROCE % : 11.54% (As of Mar. 2024)

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What is Pangaea Logistics Solutions 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. Pangaea Logistics Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.54%.

Pangaea Logistics Solutions ROCE % Historical Data

The historical data trend for Pangaea Logistics Solutions'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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Pangaea Logistics Solutions ROCE % Chart

Pangaea Logistics Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.98

5.36

18.42

17.78

7.22

Pangaea Logistics Solutions 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															4.69	4.36	16.29	3.86	11.54

Pangaea Logistics Solutions ROCE % Calculation

Pangaea Logistics Solutions'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 )
	=	42.205	/	( ( (706.34 - 87.048)	+	(646.65 - 96.591) )	/ 2 )
	=	42.205	/	( (619.292	+	550.059)	/ 2 )
	=	42.205	/	584.6755
	=	7.22 %

Pangaea Logistics Solutions'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 )
	=	63.78	/	( ( (646.65 - 96.591)	+	(647.041 - 91.39) )	/ 2 )
	=	63.78	/	( ( 550.059	+	555.651 )	/ 2 )
	=	63.78	/	552.855
	=	11.54 %

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

Pangaea Logistics Solutions (STU:PGA) 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.

Pangaea Logistics Solutions ROCE % Related Terms

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Pangaea Logistics Solutions (STU:PGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pangaea Logistics Solutions Ltd (STU:PGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PANL:USA

Address

C/o Phoenix Bulk Carriers (US) LLC, 109 Long Wharf, Newport, RI, USA, 02840

Website

https://www.pangaeals.com

Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters.

Pangaea Logistics Solutions (STU:PGA) Headlines

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