MPC Container Ships ASA (OSL:MPCC) ROCE % : 17.67% (As of Dec. 2023)

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What is MPC Container Ships 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. MPC Container Ships ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.67%.

MPC Container Ships ASA ROCE % Historical Data

The historical data trend for MPC Container Ships 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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MPC Container Ships ASA ROCE % Chart

MPC Container Ships ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.67

-6.13

28.39

55.96

42.69

MPC Container Ships 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															51.36	63.03	51.26	33.95	17.67

MPC Container Ships ASA ROCE % Calculation

MPC Container Ships 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 )
	=	3591.037	/	( ( (9448.547 - 1561.204)	+	(10071.976 - 1134.736) )	/ 2 )
	=	3591.037	/	( (7887.343	+	8937.24)	/ 2 )
	=	3591.037	/	8412.2915
	=	42.69 %

MPC Container Ships 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 )
	=	1618.7	/	( ( (10986.007 - 1606.86)	+	(10071.976 - 1134.736) )	/ 2 )
	=	1618.7	/	( ( 9379.147	+	8937.24 )	/ 2 )
	=	1618.7	/	9158.1935
	=	17.67 %

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

MPC Container Ships ASA (OSL:MPCC) 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.

MPC Container Ships ASA ROCE % Related Terms

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MPC Container Ships ASA (OSL:MPCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MPC Container Ships ASA (OSL:MPCC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MPZZF:USA MPCCo:Sweden MP2:Germany

Address

Ruseløkkveien 34, Oslo, NOR, N-0251

Website

https://www.mpc-container.com

MPC Container Ships ASA is a Norway based company that engages in the investment in and operation of shipping assets. The group's principal business activity is to invest in and operate maritime assets in the container shipping segment. It owns and operates container shops and feeder vessels that are chartered out to liner shipping companies and regional carriers. The group earns revenue from seaborne container transportation globally. The group has one reporting segment as it employs one type of vessel; Container Vessels.

MPC Container Ships ASA (OSL:MPCC) Headlines

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