Hoegh Autoliners ASA (OSL:HAUTO) ROCE % : 27.77% (As of Mar. 2024)

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What is Hoegh Autoliners 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. Hoegh Autoliners ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.77%.

Hoegh Autoliners ASA ROCE % Historical Data

The historical data trend for Hoegh Autoliners 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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Hoegh Autoliners ASA ROCE % Chart

Hoegh Autoliners ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.59

1.06

15.03

25.27

39.45

Hoegh Autoliners ASA Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												35.70	35.76	35.17	45.23	27.77

Hoegh Autoliners ASA ROCE % Calculation

Hoegh Autoliners 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 )
	=	6658.813	/	( ( (17311.783 - 2855.843)	+	(21724.844 - 2418.598) )	/ 2 )
	=	6658.813	/	( (14455.94	+	19306.246)	/ 2 )
	=	6658.813	/	16881.093
	=	39.45 %

Hoegh Autoliners ASA'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 )
	=	5034.336	/	( ( (21724.844 - 2418.598)	+	(20008.117 - 3051.87) )	/ 2 )
	=	5034.336	/	( ( 19306.246	+	16956.247 )	/ 2 )
	=	5034.336	/	18131.2465
	=	27.77 %

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

Hoegh Autoliners ASA (OSL:HAUTO) 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.

Hoegh Autoliners ASA ROCE % Related Terms

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Hoegh Autoliners ASA (OSL:HAUTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hoegh Autoliners ASA (OSL:HAUTO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HOEGF:USA HAUTOo:Sweden V02:Germany

Address

Drammensveien 134, Oslo, NOR, N-0277

Website

https://www.hoeghautoliners.com

Hoegh Autoliners ASA is a provider of transportation services within the Roll-on Roll-off (RoRo) segment. The company's fleet of Pure Car and Truck Carriers sailing in trade systems combined with its local presence enable the company to cater for the specific needs of its customer. It offers deep sea transportation of RoRo cargo such as cars, high and heavy machinery and breakbulk. The company also offers tailor made logistics solutions through Autotrans Logistics, saving cost and time in their supply chain. The Group has two operating segments, Shipping services and Logistics services.

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