Solstad Offshore ASA (OSL:SOFF) ROCE % : 38.69% (As of Sep. 2023)

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What is Solstad Offshore ASA 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. Solstad Offshore ASA's annualized ROCE % for the quarter that ended in Sep. 2023 was 38.69%.

Solstad Offshore ASA ROCE % Historical Data

The historical data trend for Solstad Offshore ASA'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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Solstad Offshore ASA ROCE % Chart

Solstad Offshore ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-23.07

-56.63

78.40

-0.50

1.83

Solstad Offshore ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															1.11	6.61	21.71	54.70	38.69

Solstad Offshore ASA ROCE % Calculation

Solstad Offshore ASA's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	391.848	/	( ( (24937.682 - 4004.397)	+	(26019.13 - 4029.828) )	/ 2 )
	=	391.848	/	( (20933.285	+	21989.302)	/ 2 )
	=	391.848	/	21461.2935
	=	1.83 %

Solstad Offshore ASA's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	1744.504	/	( ( (26862.013 - 22365.943)	+	(19870.226 - 15347.659) )	/ 2 )
	=	1744.504	/	( ( 4496.07	+	4522.567 )	/ 2 )
	=	1744.504	/	4509.3185
	=	38.69 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Solstad Offshore ASA (OSL:SOFF) 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.

Solstad Offshore ASA ROCE % Related Terms

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Solstad Offshore ASA (OSL:SOFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Solstad Offshore ASA (OSL:SOFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SOFFO:Sweden SZL:Germany

Address

Nesavegen 39, Skudeneshavn, NOR, 4280

Website

https://www.solstad.com

Solstad Offshore ASA is an owner and operator of offshore service vessels, offering maritime services to the petroleum and renewable energy industries. Its operating segments include AHTS: anchor handling vessels; PSV: platform supply vessels; Subsea, which includes construction vessels operating subsea construction contracts; and Renewable segment includes vessels operating renewable contracts. The company generates the majority of its revenue from the Subsea segment.

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