SBM Offshore NV (XAMS:SBMO) ROCE % : 10.08% (As of Dec. 2023)

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What is SBM Offshore NV 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. SBM Offshore NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.08%.

SBM Offshore NV ROCE % Historical Data

The historical data trend for SBM Offshore NV'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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SBM Offshore NV ROCE % Chart

SBM Offshore NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.86

7.04

9.45

9.62

9.81

SBM Offshore NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															10.14	11.00	8.79	10.04	10.08

SBM Offshore NV ROCE % Calculation

SBM Offshore NV'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 )
	=	1215.942	/	( ( (14999.216 - 3401.232)	+	(15750.392 - 2567.6) )	/ 2 )
	=	1215.942	/	( (11597.984	+	13182.792)	/ 2 )
	=	1215.942	/	12390.388
	=	9.81 %

SBM Offshore NV'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 )
	=	1261.792	/	( ( (15677.155 - 3816.605)	+	(15750.392 - 2567.6) )	/ 2 )
	=	1261.792	/	( ( 11860.55	+	13182.792 )	/ 2 )
	=	1261.792	/	12521.671
	=	10.08 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

SBM Offshore NV (XAMS:SBMO) 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.

SBM Offshore NV ROCE % Related Terms

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SBM Offshore NV (XAMS:SBMO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SBM Offshore NV (XAMS:SBMO) » Definitions » ROCE %

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Traded in Other Exchanges

SBFFY:USA SBFFF:USA SBMOa:UK 0NIS:UK IHCB:Germany

Address

Evert van de Beekstraat 1-77, Schiphol, Amsterdam, NH, NLD, 1118 CL

Website

https://www.sbmoffshore.com

SBM Offshore NV provides floating production solutions to the offshore energy industry both in hydrocarbon and renewable markets. Its main activities are the design, supply, installation, operation, and life extension of Floating Production Storage and Offloading (FPSO) vessels. The company is also working on floating offshore wind, wave energy and research and development of products for future energy markets. It has dedicated product lines to provide specific floating equipment and products such as Turret Mooring Systems (TMS) and offshore (off)loading Terminals. The Company has two segments: Lease and Operate segment includes all earned day rates on operating lease and operate contracts, and The turnkey segment includes revenues from Turnkey supply contracts and after-sales services.

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