d'Amico International Shipping (d'Amico International Shipping) ROCE % : 26.77% (As of Mar. 2024)

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What is d'Amico International Shipping 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. d'Amico International Shipping's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.77%.

d'Amico International Shipping ROCE % Historical Data

The historical data trend for d'Amico International Shipping'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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d'Amico International Shipping ROCE % Chart

d'Amico International Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.83

5.79

-0.60

19.73

24.31

d'Amico International Shipping 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															28.23	24.25	24.74	21.58	26.77

d'Amico International Shipping ROCE % Calculation

d'Amico International Shipping'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 )
	=	219.625	/	( ( (1054.885 - 156.79)	+	(1001.707 - 93.234) )	/ 2 )
	=	219.625	/	( (898.095	+	908.473)	/ 2 )
	=	219.625	/	903.284
	=	24.31 %

d'Amico International Shipping'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 )
	=	248.712	/	( ( (1001.707 - 93.234)	+	(1040.858 - 91.384) )	/ 2 )
	=	248.712	/	( ( 908.473	+	949.474 )	/ 2 )
	=	248.712	/	928.9735
	=	26.77 %

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

d'Amico International Shipping (OTCPK:DMCOF) 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.

d'Amico International Shipping ROCE % Related Terms

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d'Amico International Shipping (d'Amico International Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » d'Amico International Shipping SA (OTCPK:DMCOF) » Definitions » ROCE %

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Traded in Other Exchanges

DIS:Italy B7C0:Germany

Address

25C Boulevard Royal, 11th Floor, Luxembourg, LUX, 2449

Website

https://www.damicointernationalshipping.com

d'Amico International Shipping SA is an international marine transportation company. It provides transportation services for refined petroleum products and vegetable oil. It operates a flexible fleet of product/chemical tankers. The product tankers transport refined oil products through various double-hulled vessels. It serves oil companies and trading houses. Its revenue is generated from the employment of the vessels of its fleet under spot contracts and time charters, for the marine transportation of refined petroleum products. Geographically the activities are performed throughout Luxembourg.