Eidesvik Offshore ASA (OSL:EIOF) ROCE % : 21.55% (As of Dec. 2023)

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What is Eidesvik Offshore ASA 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. Eidesvik Offshore ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.55%.

Eidesvik Offshore ASA ROCE % Historical Data

The historical data trend for Eidesvik Offshore ASA'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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Eidesvik Offshore ASA ROCE % Chart

Eidesvik Offshore ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.82

-0.68

4.87

37.63

36.49

Eidesvik Offshore ASA 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															107.96	-1.14	84.59	12.95	21.55

Eidesvik Offshore ASA ROCE % Calculation

Eidesvik Offshore ASA'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 )
	=	618.401	/	( ( (2339.034 - 1313.844)	+	(2716.109 - 352.247) )	/ 2 )
	=	618.401	/	( (1025.19	+	2363.862)	/ 2 )
	=	618.401	/	1694.526
	=	36.49 %

Eidesvik Offshore ASA'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 )
	=	494.188	/	( ( (2540.83 - 318.844)	+	(2716.109 - 352.247) )	/ 2 )
	=	494.188	/	( ( 2221.986	+	2363.862 )	/ 2 )
	=	494.188	/	2292.924
	=	21.55 %

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

Eidesvik Offshore ASA (OSL:EIOF) 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.

Eidesvik Offshore ASA ROCE % Related Terms

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Eidesvik Offshore ASA (OSL:EIOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eidesvik Offshore ASA (OSL:EIOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EIOFO:Sweden E1V:Germany

Address

Vestvikvegen 1, Bomlo, NOR, NO-5443

Website

https://www.eidesvik.no

Eidesvik Offshore ASA is a Norway based shipping company engaged in offering services in the maritime sector. The group operates ships in the business areas of Seismic, Subsea, Supply and Other. The Seismic segment provides shipping services to customers that produce seismic data. The ships belonging to Seismic segment operates all over the world according to customer needs. The Subsea segment provides shipping services for subsea work for the oil industry and its ships are adapted for work such as underwater inspection, maintenance, and construction. The Supply segment supplies services to the oil industry offshore.

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