Havila Shipping ASA (OSL:HAVI) ROCE % : -23.18% (As of Dec. 2023)

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What is Havila Shipping 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. Havila Shipping ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.18%.

Havila Shipping ASA ROCE % Historical Data

The historical data trend for Havila Shipping 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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Havila Shipping ASA ROCE % Chart

Havila Shipping ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.74

399.13

4.01

-6.04

12.54

Havila Shipping 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															-18.79	30.97	-1.40	10.91	-23.18

Havila Shipping ASA ROCE % Calculation

Havila Shipping 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 )
	=	116.285	/	( ( (2003.4 - 242.666)	+	(1440.238 - 1347.074) )	/ 2 )
	=	116.285	/	( (1760.734	+	93.164)	/ 2 )
	=	116.285	/	926.949
	=	12.54 %

Havila Shipping 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 )
	=	-112.052	/	( ( (1907.746 - 1033.912)	+	(1440.238 - 1347.074) )	/ 2 )
	=	-112.052	/	( ( 873.834	+	93.164 )	/ 2 )
	=	-112.052	/	483.499
	=	-23.18 %

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

Havila Shipping ASA (OSL:HAVI) 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.

Havila Shipping ASA ROCE % Related Terms

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Havila Shipping ASA (OSL:HAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Havila Shipping ASA (OSL:HAVI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HAVIO:Sweden H4S:Germany

Address

P.O Box 215, Fosnavag, NOR, N-6099

Website

https://www.havilashipping.no

Havila Shipping ASA along with its subsidiaries is engaged in the shipping business. The company manages and operates offshore service vessels. The group is involved in the operation of approximately 27 vessels. Its segment includes Anchor handling tug service, Anchor handling tug service - Asia, Platform supply vessel, Rescue recovery vessel and Subsea operations vessels. It operates in five geographical areas namely The Norwegian, British and Danish sectors of the North Sea, Asia, Brazil, Africa and the Netherlands. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Asia, and Brazil.

Havila Shipping ASA (OSL:HAVI) Headlines

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