Genco Shipping & Trading (GNK) Asset Utilization Ratio (2010 - 2026)
Genco Shipping & Trading (GNK) posted quarterly Asset Utilization Ratio of 0.32 for Q1 2026, down 10.4% year-over-year from 0.36 in Q1 2025, and up 5.81% quarter-over-quarter from 0.3 in Q4 2025.
Genco Shipping & Trading (GNK) Asset Utilization Ratio (2010 - 2026) Analysis & Trends
Genco Shipping & Trading (GNK) has reported Asset Utilization Ratio for 17 consecutive years, with 0.32 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 10.4% year-over-year to 0.32; the TTM figure through Mar 2026 stood at 0.32 (down 10.4% YoY), while the FY2025 annual figure was 0.31, down 19.0% from the prior year.
- Asset Utilization Ratio rose to 0.32 in Q1 2026 per GNK's latest filing, from 0.3 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.45 in Q4 2022 and bottomed at 0.3 in Q4 2025.
- Historically, Asset Utilization Ratio has averaged 0.37 across 5 years, with a median of 0.36 in 2022.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio soared 51.25% — and 2025, when it decreased 26.18%.
- Genco Shipping & Trading's Asset Utilization Ratio stood at 0.45 in 2022, then retreated by 23.96% to 0.34 in 2023, then climbed by 17.33% to 0.4 in 2024, then fell by 24.35% to 0.3 in 2025, then advanced by 5.81% to 0.32 in 2026.
- Business Quant data shows GNK's Asset Utilization Ratio at 0.32 in Q1 2026, 0.3 in Q4 2025, and 0.31 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.46 Bn | 7.42 Bn | 290.80 Mn | 0.57 |
| 2 | Matson | 6.58 Bn | 6.46 Bn | - | 0.74 |
| 3 | Hafnia | 3.91 Bn | 3.80 Bn | 152.41 Mn | 0.27 |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.55 Bn | 57.20 Mn | 0.58 |
| 5 | Star Bulk Carriers | 3.37 Bn | 2.87 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 0.20 |
| 7 | Okeanis Eco Tankers | 2.45 Bn | 2.23 Bn | 12,231.53 Bn | 0.34 |
| 8 | Navios Maritime Partners | 2.38 Bn | 1.97 Bn | 326.09 Mn | 0.23 |
| 9 | Costamare | 1.81 Bn | 1.51 Bn | 185.32 Mn | 0.21 |
| 10 | Genco Shipping & Trading | 1.14 Bn | 1.14 Bn | 92.30 Mn | 0.35 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.35 |
| Mar 31, 2026 | 0.32 |
| Dec 31, 2025 | 0.30 |
| Sep 30, 2025 | 0.31 |
| Jun 30, 2025 | 0.34 |
| Mar 31, 2025 | 0.36 |
| Dec 31, 2024 | 0.40 |
| Sep 30, 2024 | 0.42 |
| Jun 30, 2024 | 0.39 |
| Mar 31, 2024 | 0.36 |
| Dec 31, 2023 | 0.34 |
| Sep 30, 2023 | 0.35 |
| Jun 30, 2023 | 0.39 |
| Mar 31, 2023 | 0.43 |
| Dec 31, 2022 | 0.45 |
| Sep 30, 2022 | 0.36 |
| Jun 30, 2022 | 0.38 |
| Mar 31, 2022 | 0.37 |
| Dec 31, 2021 | 0.31 |
| Sep 30, 2021 | 0.37 |