GC Rieber Shipping ASA (OSL:RISH) ROCE % : -11.02% (As of Sep. 2023)

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What is GC Rieber 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. GC Rieber Shipping ASA's annualized ROCE % for the quarter that ended in Sep. 2023 was -11.02%.

GC Rieber Shipping ASA ROCE % Historical Data

The historical data trend for GC Rieber 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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GC Rieber Shipping ASA ROCE % Chart

GC Rieber Shipping ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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7.91

2.35

0.71

8.48

-2.92

GC Rieber Shipping ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															22.20	5.33	-19.57	31.76	-11.02

GC Rieber Shipping ASA ROCE % Calculation

GC Rieber Shipping ASA's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-35.002	/	( ( (1713.733 - 492.756)	+	(1185.554 - 7.896) )	/ 2 )
	=	-35.002	/	( (1220.977	+	1177.658)	/ 2 )
	=	-35.002	/	1199.3175
	=	-2.92 %

GC Rieber Shipping ASA's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-109.896	/	( ( (1290.573 - 7.78)	+	(718.08 - 6.822) )	/ 2 )
	=	-109.896	/	( ( 1282.793	+	711.258 )	/ 2 )
	=	-109.896	/	997.0255
	=	-11.02 %

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

GC Rieber Shipping ASA (OSL:RISH) 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.

GC Rieber Shipping ASA ROCE % Related Terms

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GC Rieber Shipping ASA (OSL:RISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GC Rieber Shipping ASA (OSL:RISH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Solheimsgaten 15, Bergen, NOR, 5058

Website

https://www.gcrieber-shipping.com

GC Rieber Shipping ASA is a Norwegian offshore shipping company. The business activities of the company include ownership of specialized vessels, marine ship management, project development, and industrial portfolio management within the segments of offshore subsea, ice research, and support. The company's operating segments are Ice/ Support, Marine Seismic and Subsea. It is a shipowner and project house with a focus on developing profitable and sustainable maritime projects. The company operates in Norway, Germany, Africa, Great Britain, the USA, and other European countries, the majority is derived from Other European countries.

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