Rederiaktiebolaget Gotland (OSTO:GOTL A) ROCE % : -2.47% (As of Mar. 2024)

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What is Rederiaktiebolaget Gotland 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. Rederiaktiebolaget Gotland's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.47%.

Rederiaktiebolaget Gotland ROCE % Historical Data

The historical data trend for Rederiaktiebolaget Gotland'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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Rederiaktiebolaget Gotland ROCE % Chart

Rederiaktiebolaget Gotland Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

4.98

0.02

3.15

7.91

9.66

Rederiaktiebolaget Gotland Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-4.70	0.62	19.95	21.82	-2.47

Rederiaktiebolaget Gotland ROCE % Calculation

Rederiaktiebolaget Gotland'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 )
	=	530.784	/	( ( (5748.482 - 360.952)	+	(6057.471 - 458.301) )	/ 2 )
	=	530.784	/	( (5387.53	+	5599.17)	/ 2 )
	=	530.784	/	5493.35
	=	9.66 %

Rederiaktiebolaget Gotland's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-138.8	/	( ( (6057.471 - 458.301)	+	(6293.7 - 649.6) )	/ 2 )
	=	-138.8	/	( ( 5599.17	+	5644.1 )	/ 2 )
	=	-138.8	/	5621.635
	=	-2.47 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Rederiaktiebolaget Gotland (OSTO:GOTL A) 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.

Rederiaktiebolaget Gotland ROCE % Related Terms

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Rederiaktiebolaget Gotland (OSTO:GOTL A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rederiaktiebolaget Gotland (OSTO:GOTL A) » Definitions » ROCE %

Traded in Other Exchanges

GOTL B:Sweden

Address

Hamngatan 1, Visby, SWE, 621 22

Website

https://gotlandsbolaget.se

Rederiaktiebolaget Gotland is a shipping Company that operates in Baltic Sea region, runs a hotel business operations and invests in the restructuring of shipping and new technologies.

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