Golden Ocean Group Limited's ROA from the fourth quarter of 2024 to the fourth quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics

What is Golden Ocean Group Limited's ROA in the fourth quarter of 2024?
Golden Ocean Group Limited achieved a return on average assets (ROA) of 6.58 % in its fourth quarter of 2024, this is above GOGL's average return on assets of 0.73%.
Golden Ocean Group Limiteds assets during the 12 months ending in the fourth quarter of 2024 are valued at $3 billion

ROA has improved compared to 3.28% in the third quarter of 2024, due to net income growth.

However, within the Services sector 161 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the third quarter of 2024 from to 1106.

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Return On Assets	(Dec 31 2024) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2023) IV. Quarter
Y / Y Total Assets Change	-3.06 %	-3.21 %	-3.23 %	-3.21 %	6 %
Y / Y Net Income Change	98.82 %	-	-	-	-75.69 %
Net Income (TTM) in million	223	112	112	112	112
Return On Assets (TTM)	6.58 %	3.28 %	3.26 %	3.23 %	3.2 %
GOGL's Total Ranking	# 1106	#	#	#	# 1895
Total Assets (TTM) in million	3,403	3,380	3,404	3,380	3,511
Seq. Total Assets Change	0.69 %	-0.71 %	0.72 %	-3.73 %	0.54 %
Seq. Net Income Change	-	-	-	-	-

GOGL's 5 Years Annual ROA >> Back to GOGL Management Effectiveness >> Compare GOGL ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 7
Sector	# 162
Overall	# 1094

Return On Assets Statistics
High	Average	Low
15.26 %	0.73 %	-13.44 %
(Dec 31 2021)		(Dec 31 2012)

Financial Statements
Golden Ocean Group Limited's Assets	$ 3,403 million	GOGL's Balance sheet
Golden Ocean Group Limited's Income	$ 223 million	Quarterly GOGL's Income Statement
GOGL's Income by Division		See GOGL's Income by Division

Annual Return On Assets	(Dec 31 2024) FY 2024	(Dec 31 2023) FY 2023	(Dec 31 2022) FY 2022	(Dec 31 2021) FY 2021	(Dec 31 2020) FY 2020
Y / Y Total Assets Change	-3.06 %	7.07 %	-4.19 %	26.68 %	-9.39 %
Total Assets in million	3,403	3,511	3,279	3,422	2,701
Y / Y Net Income Change	98.82 %	-75.69 %	-12.4 %	-	-
Net Income in million	223	112	462	527	-138
Annual Return On Assets	6.56 %	3.2 %	14.09 %	15.41 %	-5.1 %

GOGL's 5 Years Annual ROA >> Back to GOGL Management Effectiveness >> Compare GOGL ROA to its Competitors

Comment on GOGL's ROA in the fiscal year ending 2024

In the fiscal year 2024 ROA improved to 6.56 % compared to prior year, due to annual net income growth of 98.82 % to $223.21 million, and due to decline of value in Golden Ocean Group Limited's assets by -3.06 % to $3,403.25 million, compared to $3,403.25 a year before.

More Return On Assets Ratios
GOGL's' Return on Assets at Yahoo Finance
Cruise and Shipping Industry Return On Assets Trends and Statistics
Services Sector Roa Statistics
Roa Trends for overall market
GOGL's Roa Ratio versus Cruise and Shipping Industry, Services Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for GOGL's Competitors
Subscribers only: Roa for Golden Ocean Group Limited's Suppliers
Subscribers only: Return On Assets for GOGL's Customers

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	GOGL's Profitability Ratios	GOGL's Asset Turnover Ratio	GOGL's Dividend Growth
GOGL's Roe	GOGL's Valuation Ratios	GOGL's Financial Strength Ratios	GOGL's Dividend Payout Ratio

Companies with similar Return On Assets at Dec 31 2024, within Services Sector	ROA
H and r Block Inc	17.46 %
Chipotle Mexican Grill Inc	17.26 %
Gambling com Group Limited	17.18 %
Netflix Inc	17.10 %
Rollins Inc	16.87 %
Potbelly Corporation	16.47 %
Madison Square Garden Entertainment Corp	16.30 %
Atour Lifestyle Holdings Limited	16.16 %
Sunlands Technology Group	16.13 %
International Seaways Inc	15.95 %
Hackett Group Inc	15.81 %
Idt Corp	15.60 %
Paychex Inc	15.53 %
Exponent Inc	15.25 %
Conduent Inc	15.11 %
Texas Roadhouse inc	15.07 %
Mcdonald s Corporation	15.04 %
Laureate Education Inc	14.77 %
Frontdoor Inc	14.18 %
Joint Stock Company Kaspi kz	14.13 %
Stride Inc	14.00 %
Kforce Inc	13.84 %
Accenture Plc	13.70 %
Yelp Inc	13.55 %
Prog Holdings Inc	13.41 %
Intercontinental Hotels Group Plc	13.23 %
Perdoceo Education Corp	13.17 %
Booz Allen Hamilton Holding Corporation	13.06 %
Allegion Plc	12.90 %
Exlservice Holdings Inc	12.85 %

Date modified: 2026-09-18T13:11:06+00:00

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