Earnings Summary

Golden Ocean Group Limited’s revenue jumped 17.2% since last year same period to $250.09Mn in the Q2 2024. On a quarterly growth basis, Golden Ocean Group Limited has generated 1.36% jump in its revenue since last 3-months.

Golden Ocean Group Limited’s net profit jumped 79.12% since last year same period to $62.49Mn in the Q2 2024. On a quarterly growth basis, Golden Ocean Group Limited has generated -4.42% fall in its net profits since last 3-months.

Golden Ocean Group Limited’s net profit margin jumped 52.83% since last year same period to 24.99% in the Q2 2024. On a quarterly growth basis, Golden Ocean Group Limited has generated -5.71% fall in its net profit margins since last 3-months.

Golden Ocean Group Limited’s price-to-earnings ratio after this Q2 2024 earnings stands at 10.46.

Golden Ocean Group Limited’s earning per share (EPS) estimates for the current quarter stand at 0.32 - a 6.67% jump from last quarter’s estimates.

Golden Ocean Group Limited’s earning per share (EPS) estimates for the current year stand at 0.32.

Golden Ocean Group Limited’s earning per share (EPS) jumped 82.35% since last year same period to 0.31 in the Q2 2024. This indicates that the Golden Ocean Group Limited has generated 82.35% annual rate of jump 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 0.05.

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 0.11.

Golden Ocean Group Limited declared 0.3 dividend per share during the earnings announcement for Q2 2024.