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0 0 0.000286532951289545 0 0.00171919770773645 0.00343839541547291 0.00687679083094562 0.00773638968481384
Stock impact report

Genco Shipping & Trading's (NYSE:GNK) Returns On Capital Are Heading Higher [Yahoo! Finance]

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) 
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: gencoshipping.com
Company Research Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Genco Shipping & Trading NYSE:GNK ) and its trend of ROCE, we really liked what we saw. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Genco Shipping & Trading is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.059 = US$60m ÷ (US$1.1b - US$38m) (Based on the trailing twelve months to June 2024) Thus, Genco Shipping & Trading has an ROCE of 5.9%. In absolute terms, that's a low return and it also un Show less Read more
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