Odyssey Marine Exploration (FRA:OYM1) ROCE % : 0.00% (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Odyssey Marine Exploration 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. Odyssey Marine Exploration's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Odyssey Marine Exploration ROCE % Historical Data

The historical data trend for Odyssey Marine Exploration'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.

* Premium members only.

Odyssey Marine Exploration ROCE % Chart

Odyssey Marine Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

Odyssey Marine Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Odyssey Marine Exploration ROCE % Calculation

Odyssey Marine Exploration'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 )
	=	1.059	/	( ( (13.094 - 39.479)	+	(20.864 - 28.854) )	/ 2 )
	=	1.059	/	( (-26.385	+	-7.99)	/ 2 )
	=	1.059	/	-17.1875
	=	-6.16 %

Odyssey Marine Exploration'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 )
	=	10.088	/	( ( (20.864 - 28.854)	+	(18.983 - 30.264) )	/ 2 )
	=	10.088	/	( ( -7.99	+	-11.281 )	/ 2 )
	=	10.088	/	-9.6355
	=	0 %

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

Odyssey Marine Exploration (FRA:OYM1) 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.

Odyssey Marine Exploration ROCE % Related Terms

Thank you for viewing the detailed overview of Odyssey Marine Exploration's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Odyssey Marine Exploration (FRA:OYM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Odyssey Marine Exploration Inc (FRA:OYM1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OMEX:USA

Address

205 South Hoover Boulevard, Suite 210, Tampa, FL, USA, 33609

Website

https://www.odysseymarine.com

Odyssey Marine Exploration Inc is a deep-ocean exploration company. It is engaged in the discovery, validation, and development of subsea mineral deposits in a socially and environmentally responsible manner. The company works with governments worldwide to identify mineral resources in Exclusive Economic Zones, focusing on phosphorite (fertilizer) and polymetallic nodule (battery metals) projects.

Odyssey Marine Exploration (FRA:OYM1) Headlines

No Headlines