Precious Shipping PCL (BKK:PSL) ROCE % : 9.43% (As of Mar. 2024)

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What is Precious Shipping 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. Precious Shipping PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.43%.

Precious Shipping PCL ROCE % Historical Data

The historical data trend for Precious Shipping 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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Precious Shipping PCL ROCE % Chart

Precious Shipping PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.93

-6.43

24.52

23.81

5.69

Precious Shipping 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															3.31	7.11	4.05	8.20	9.43

Precious Shipping PCL ROCE % Calculation

Precious Shipping 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 )
	=	1265.872	/	( ( (24303.965 - 1867.466)	+	(24345.819 - 2278.507) )	/ 2 )
	=	1265.872	/	( (22436.499	+	22067.312)	/ 2 )
	=	1265.872	/	22251.9055
	=	5.69 %

Precious Shipping 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 )
	=	2142.44	/	( ( (24345.819 - 2278.507)	+	(24897.908 - 1548.959) )	/ 2 )
	=	2142.44	/	( ( 22067.312	+	23348.949 )	/ 2 )
	=	2142.44	/	22708.1305
	=	9.43 %

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

Precious Shipping PCL (BKK:PSL) 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.

Precious Shipping PCL ROCE % Related Terms

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Precious Shipping PCL (BKK:PSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Precious Shipping PCL (BKK:PSL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PSGFF:USA PZ9:Germany

Address

No. 8 North Sathorn Road, G, Cathay House, 7th, 8th and 9th floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.preciousshipping.com

Precious Shipping PCL is a Thailand-based holding company engaged in the marine transportation business. It's involved in the business of owning and operating (chartering) small handy-sized and supramax dry bulk vessels, on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. This is the only industry segment in which the Group mainly operates and almost the majority of the revenue is generated from this segment.