C3is (CISS) Asset Utilization Ratio (2023 - 2026)
C3is (CISS) posted quarterly Asset Utilization Ratio of 0.51 for Q1 2026, down 16.03% year-on-year from 0.6 in Q1 2025, and down 20.18% on a QoQ basis from 0.64 in Q2 2025.
C3is (CISS) Asset Utilization Ratio (2023 - 2026) Analysis & Trends
C3is (CISS) has reported Asset Utilization Ratio for 4 consecutive years, with 0.51 the latest figure, recorded in Q1 2026.
- Quarterly Asset Utilization Ratio fell 16.03% year-over-year to 0.51 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.51 (down 16.03% YoY) and the FY2025 annual result came in at 0.35, down 19.07% from the prior year.
- Asset Utilization Ratio declined to 0.51 in Q1 2026 per CISS's latest filing, from 0.64 in the prior quarter.
- Over the last five years, Asset Utilization Ratio for CISS reached as high as 0.66 in Q4 2024 and fell as low as 0.32 in Q4 2023.
- A 4-year average of 0.49 and a median of 0.46 in 2024 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2024 — Asset Utilization Ratio surged 104.84% — and 2026, when it retreated 16.03%.
- Year by year, Asset Utilization Ratio stood at 0.32 in 2023, then jumped by 104.84% to 0.66 in 2024, then slipped by 3.41% to 0.64 in 2025, then declined by 20.18% to 0.51 in 2026.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.51, 0.64, and 0.6 for Q1 2026, Q2 2025, and Q1 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 2,964,341.97 Bn | 2,964,341.05 Bn | 57.20 Mn | 0.58 |
| 2 | Danaos | 2,542.12 Bn | 2,541.24 Bn | 203.71 Mn | 0.20 |
| 3 | Sfl | 1,584.69 Bn | 1,584.53 Bn | 66.27 Mn | 0.19 |
| 4 | Capital Clean Energy Carriers | 1,419.00 Bn | 1,418.46 Bn | 95.52 Mn | 0.10 |
| 5 | Globus Maritime | 59.97 Bn | 59.95 Bn | 8,083.00 | -105.91 |
| 6 | Kirby | 8.07 Bn | 7.99 Bn | 291.34 Mn | 0.56 |
| 7 | Matson | 6.26 Bn | 6.16 Bn | - | 0.72 |
| 8 | Hafnia | 3.73 Bn | 3.62 Bn | 152.41 Mn | 0.27 |
| 9 | Intercont (Cayman) | 3.56 Bn | 3.56 Bn | - | - |
| 10 | C3is | 35.63 Mn | 8.37 Mn | 10.51 Mn | 0.51 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.51 |
| Jun 30, 2025 | 0.64 |
| Mar 31, 2025 | 0.60 |
| Dec 31, 2024 | 0.66 |
| Sep 30, 2024 | 0.40 |
| Jun 30, 2024 | 0.39 |
| Mar 31, 2024 | 0.38 |
| Dec 31, 2023 | 0.32 |