DHT Holdings (DHT Holdings) ROCE % : 12.54% (As of Dec. 2023)

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What is DHT Holdings 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. DHT Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.54%.

DHT Holdings ROCE % Historical Data

The historical data trend for DHT Holdings'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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DHT Holdings ROCE % Chart

DHT Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.51

18.68

0.93

5.89

13.55

DHT Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															19.25	12.81	18.27	11.26	12.54

DHT Holdings ROCE % Calculation

DHT Holdings'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 )
	=	195.107	/	( ( (1508.474 - 64.374)	+	(1492.223 - 56.605) )	/ 2 )
	=	195.107	/	( (1444.1	+	1435.618)	/ 2 )
	=	195.107	/	1439.859
	=	13.55 %

DHT Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	178.908	/	( ( (1497.474 - 78.754)	+	(1492.223 - 56.605) )	/ 2 )
	=	178.908	/	( ( 1418.72	+	1435.618 )	/ 2 )
	=	178.908	/	1427.169
	=	12.54 %

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

DHT Holdings (NYSE:DHT) 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.

DHT Holdings ROCE % Related Terms

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DHT Holdings (DHT Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » ROCE %

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Traded in Other Exchanges

DHT:Mexico D8EN:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.dhtankers.com

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.