Western Bulk Chartering AS (Western Bulk Chartering AS) ROCE % : -32.62% (As of Dec. 2023)

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What is Western Bulk Chartering AS 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. Western Bulk Chartering AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -32.62%.

Western Bulk Chartering AS ROCE % Historical Data

The historical data trend for Western Bulk Chartering AS'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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Western Bulk Chartering AS ROCE % Chart

Western Bulk Chartering AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-82.91

21.25

232.98

113.09

-22.78

Western Bulk Chartering AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					362.52	142.19	87.86	-13.12	-32.62

Western Bulk Chartering AS ROCE % Calculation

Western Bulk Chartering AS'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 )
	=	-13.836	/	( ( (162.613 - 93.998)	+	(119.837 - 67.001) )	/ 2 )
	=	-13.836	/	( (68.615	+	52.836)	/ 2 )
	=	-13.836	/	60.7255
	=	-22.78 %

Western Bulk Chartering AS'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 )
	=	-18.994	/	( ( (150.731 - 87.104)	+	(119.837 - 67.001) )	/ 2 )
	=	-18.994	/	( ( 63.627	+	52.836 )	/ 2 )
	=	-18.994	/	58.2315
	=	-32.62 %

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

Western Bulk Chartering AS (OTCPK:WSSTF) 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.

Western Bulk Chartering AS ROCE % Related Terms

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Western Bulk Chartering AS (Western Bulk Chartering AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Western Bulk Chartering AS (OTCPK:WSSTF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WEST:Norway 7EJ:Germany

Address

Henrik Ibsensgate 100, PO Box 2868, Solli, Oslo, NOR, 0230

Website

https://www.westernbulk.com

Western Bulk Chartering AS is a transporter of dry bulk commodities. Its commodity includes coal, minerals, steel products, cement, agriculture or grains, ferrous ores, and fertilizers, among others. It operates in dry bulk vessels in the Panamax to Handysize segment. Geographic diversification is the Far East, Europe, India, North America, Africa, South America, and the Middle East.

Western Bulk Chartering AS (Western Bulk Chartering AS) Headlines

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