Golden Ocean Group Limited

Golden Ocean Group Limitedverified

GOGL

Price:

$11.37

Market Cap:

$2.27B

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.[Read more]

Industry

Marine Shipping

IPO Date

1997-02-07

Stock Exchange

NASDAQ

Ticker

GOGL

The ROE as of September 2024 (TTM) for Golden Ocean Group Limited (GOGL) is 11.17%

According to Golden Ocean Group Limited’s latest financial reports and current stock price. The company's current ROE is 11.17%. This represents a change of 301.03% compared to the average of 2.79% of the last 4 quarters.

Golden Ocean Group Limited (GOGL) Historical ROE (quarterly & annually)

How has GOGL ROE performed in the past?

The mean historical ROE of Golden Ocean Group Limited over the last ten years is 2.75%. The current 11.17% ROE has changed 306.31% with respect to the historical average. Over the past ten years (40 quarters), GOGL's ROE was at its highest in in the December 2021 quarter at 10.57%. The ROE was at its lowest in in the March 2020 quarter at -11.96%.

Quarterly (TTM)
Annual

Average

2.75%

Median

2.13%

Minimum

-19.06%

Maximum

27.33%

Golden Ocean Group Limited (GOGL) ROE by Quarter and Year

Discovering the peaks and valleys of Golden Ocean Group Limited ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual ROE = 27.33%

Minimum Annual Increase = -3630.62%

Minimum Annual ROE = -19.06%

Quarterly (TTM)
Annual
YearROEChange
20235.84%-75.75%
202224.09%-11.86%
202127.33%-371.77%
2020-10.06%-509.30%
20192.46%-55.71%
20185.55%-3630.62%
2017-0.16%-98.48%
2016-10.31%-45.91%
2015-19.06%-1153.72%
20141.81%-242.48%

Golden Ocean Group Limited (GOGL) Average ROE

How has GOGL ROE performed in the past?

The current ROE of Golden Ocean Group Limited (GOGL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

19.09%

5-year avg

9.93%

10-year avg

2.75%

Golden Ocean Group Limited (GOGL) ROE vs. Peers

How is GOGL’s ROE compared to its peers?

Golden Ocean Group Limited’s ROE is less than Genco Shipping & Trading Limited (1.66%), less than Eagle Bulk Shipping Inc. (3.70%), less than Global Ship Lease, Inc. (27.02%), less than Diana Shipping Inc. (3.26%), less than Star Bulk Carriers Corp. (13.86%), less than Danaos Corporation (18.64%), greater than OceanPal Inc. (-14.26%), less than Costamare Inc. (15.37%), less than Navios Maritime Partners L.P. (14.31%),

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