OceanPal (SVRN) Asset Utilization Ratio (2022 - 2024)
OceanPal's (SVRN) quarterly Asset Utilization Ratio came in at 0.24 in Q2 2024, up 20.3% year-over-year from 0.2 in Q3 2023, and up 11.42% quarter-over-quarter from 0.22 in Q1 2024.
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Analysis
OceanPal (SVRN) Asset Utilization Ratio (2022 - 2024) Analysis & Trends
OceanPal has disclosed Asset Utilization Ratio across 3 years of filings, most recently posting 0.24 for Q2 2024.
- In Q2 2024, Asset Utilization Ratio rose 20.3% year-over-year to 0.24; the TTM figure through Jun 2024 stood at 0.24 (up 20.3% YoY), while the FY2025 annual figure was 0.11, down 60.34% from the prior year.
- Asset Utilization Ratio came in at 0.24 for Q2 2024 at OceanPal, up from 0.22 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.24 in Q2 2024 to a low of 0.19 in Q3 2023.
- Average Asset Utilization Ratio over 3 years is 0.22, with a median of 0.22 recorded in 2023.
- Year-over-year, Asset Utilization Ratio declined 16.82% in 2023 and gained 20.3% in 2024.
- Over 3 years, Asset Utilization Ratio stood at 0.24 in 2022, then fell by 16.82% to 0.2 in 2023, then grew by 24.02% to 0.24 in 2024.
- Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.24 in Q2 2024, 0.22 in Q1 2024, and 0.2 in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | 0.47 |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 0.57 |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 0.74 |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 0.43 |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 0.38 |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | - |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 0.28 |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 0.61 |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 0.32 |
| 10 | OceanPal | 166,768.10 | 166,768.10 | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 0.24 |
| Mar 31, 2024 | 0.22 |
| Dec 31, 2023 | 0.20 |
| Sep 30, 2023 | 0.19 |
| Jun 30, 2023 | 0.20 |
| Mar 31, 2023 | 0.22 |
| Dec 31, 2022 | 0.24 |