First Ship Lease Trust (First Ship Lease Trust) ROCE % : 0.00% (As of Dec. 2023)

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What is First Ship Lease Trust 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. First Ship Lease Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

First Ship Lease Trust ROCE % Historical Data

The historical data trend for First Ship Lease Trust'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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First Ship Lease Trust ROCE % Chart

First Ship Lease Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.86

4.43

-0.82

20.11

8.05

First Ship Lease Trust Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.52	33.46	39.97	-	-

First Ship Lease Trust ROCE % Calculation

First Ship Lease Trust'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 )
	=	4.938	/	( ( (65.467 - 4.218)	+	(65.734 - 4.261) )	/ 2 )
	=	4.938	/	( (61.249	+	61.473)	/ 2 )
	=	4.938	/	61.361
	=	8.05 %

First Ship Lease Trust'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0	/	( ( (65.587 - 4.235)	+	(65.734 - 4.261) )	/ 2 )
	=	0	/	( ( 61.352	+	61.473 )	/ 2 )
	=	0	/	61.4125
	=	0.00 %

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

First Ship Lease Trust (OTCPK:FSLUF) 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.

First Ship Lease Trust ROCE % Related Terms

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First Ship Lease Trust (First Ship Lease Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » First Ship Lease Trust (OTCPK:FSLUF) » Definitions » ROCE %

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D8DU:Singapore

Address

7 Temasek Boulevard, No.12-10 Suntec Tower One, Singapore, SGP, 038987

Website

https://www.fsltrust.com

First Ship Lease Trust or FSL is a Singapore-based firm engaged in the shipping business. The Group has one segment that is only involved in the leasing and chartering of vessels which is carried out in international waters. Bareboat Charter's lease income relates to lease income derived from operating leases which accounts for the majority of its revenues through its operations in Europe and Asia. Geographically, it operates in Asia, Europe, and North America, the majority is from North America.

First Ship Lease Trust (First Ship Lease Trust) Headlines

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