Earnings Summary

Golden Ocean Group Limited’s revenue jumped 1.86% since last year same period to $254.21Mn in the Q4 2023. On a quarterly growth basis, Golden Ocean Group Limited has generated 14.68% jump in its revenue since last 3-months.

Golden Ocean Group Limited’s net profit fell -15.74% since last year same period to $57.47Mn in the Q4 2023. On a quarterly growth basis, Golden Ocean Group Limited has generated 100.01% jump in its net profits since last 3-months.

Golden Ocean Group Limited’s net profit margin fell -17.28% since last year same period to 22.61% in the Q4 2023. On a quarterly growth basis, Golden Ocean Group Limited has generated 74.4% jump in its net profit margins since last 3-months.

Golden Ocean Group Limited’s price-to-earnings ratio after this Q4 2023 earnings stands at 24.32.

Golden Ocean Group Limited’s earning per share (EPS) estimates for the current quarter stand at 0.25 - a -7.41% fall from last quarter’s estimates.

Golden Ocean Group Limited’s earning per share (EPS) estimates for the current year stand at 0.25.

Golden Ocean Group Limited’s earning per share (EPS) fell -6.45% since last year same period to 0.29 in the Q4 2023. This indicates that the Golden Ocean Group Limited has generated -6.45% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Golden Ocean Group Limited’s return on assets (ROA) stands at 0.04.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Golden Ocean Group Limited’s return on equity (ROE) stands at 0.06.

Golden Ocean Group Limited declared 0.1 dividend per share during the earnings announcement for Q4 2023.