C3is (CISS) ROCE % : -3.36% (As of Jun. 2023)

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What is C3is 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. C3is's annualized ROCE % for the quarter that ended in Jun. 2023 was -3.36%.

C3is ROCE % Historical Data

The historical data trend for C3is'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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C3is ROCE % Chart

C3is Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

22.35

22.58

C3is Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			27.69	-	3.87	-3.36	-

C3is ROCE % Calculation

C3is'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 )
	=	10.66	/	( ( (39.86 - 0.965)	+	(95.472 - 39.928) )	/ 2 )
	=	10.66	/	( (38.895	+	55.544)	/ 2 )
	=	10.66	/	47.2195
	=	22.58 %

C3is's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-1.452	/	( ( (44.698 - 0.758)	+	(43.906 - 1.339) )	/ 2 )
	=	-1.452	/	( ( 43.94	+	42.567 )	/ 2 )
	=	-1.452	/	43.2535
	=	-3.36 %

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

C3is (NAS:CISS) 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.

C3is ROCE % Related Terms

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C3is (CISS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » C3is Inc (NAS:CISS) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.c3is.pro

C3is Inc is a provider of international seaborne transportation services to dry bulk charterers, including major national and private industrial users, commodity producers and traders. The company owns and operates a fleet of two dry bulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The total cargo-carrying capacity of our fleet is approximately 64,000 dwt.