Returns On Capital Are Showing Encouraging Signs At Globus Maritime (NASDAQ:GLBS) [Yahoo! Finance]
Globus Maritime Limited (GLBS)
US:NASDAQ Investor Relations:
globusmaritime.gr/stock_information.html
Company Research
Source: Yahoo! Finance
return on capital employed (ROCE) and secondly, an increasing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So when we looked at Globus Maritime NASDAQ:GLBS ) and its trend of ROCE, we really liked what we saw. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Globus Maritime: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.0083 = US$2.1m ÷ (US$256m - US$10m) (Based on the trailing twelve months to June 2024) Therefore, Globus Maritime has an ROCE of 0.8%. In absolute terms, that's a low return and it also under-performs the Shipping industry average of 9.2%. Above you can see how the current ROCE for Globus Maritime
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GLBS
News
- Globus Maritime Limited (NASDAQ: GLBS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Globus Maritime Announces Agreement to Sell the River Globe, a Supramax Vessel [Yahoo! Finance]Yahoo! Finance
- Globus Maritime to sell supramax vessel for $8.55M [Seeking Alpha]Seeking Alpha
- Globus Maritime Announces Agreement to Sell the River Globe, a Supramax VesselGlobeNewswire
- Globus Maritime Limited (NASDAQ: GLBS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
GLBS
Sec Filings
- 2/14/25 - Form SCHEDULE
- 2/11/25 - Form 6-K
- 1/30/25 - Form 8-A12B/A
- GLBS's page on the SEC website