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Complete financial analysis of Ardmore Shipping Corporation (ASC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ardmore Shipping Corporation, a leading company in the Marine Shipping industry within the Industrials sector.
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Ardmore Shipping Corporation (ASC)
About Ardmore Shipping Corporation
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 395.98M | 445.74M | 192.48M | 220.06M | 230.04M | 210.18M | 195.94M | 164.40M | 157.88M | 67.33M | 35.87M | 25.17M | 22.38M |
| Cost of Revenue | 242.61M | 250.21M | 188.04M | 121.01M | 128.38M | 133.28M | 107.01M | 67.21M | 54.29M | 21.86M | 10.91M | 8.68M | 7.47M |
| Gross Profit | 153.37M | 195.53M | 4.44M | 99.05M | 101.66M | 76.90M | 88.93M | 97.19M | 103.59M | 45.47M | 24.96M | 16.49M | 14.90M |
| Gross Profit Ratio | 38.73% | 43.87% | 2.31% | 45.01% | 44.19% | 36.59% | 45.39% | 59.12% | 65.61% | 67.53% | 69.58% | 65.50% | 66.59% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 20.57M | 24.11M | 19.20M | 17.90M | 18.15M | 15.86M | 14.60M | 14.08M | 10.75M | 8.18M | 5.67M | 2.98M | 2.60M |
| Selling & Marketing | 4.68M | 4.17M | 3.13M | 2.78M | 3.19M | 3.23M | 2.62M | 2.02M | 329.75K | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 25.24M | 24.11M | 19.20M | 17.90M | 18.15M | 15.86M | 14.60M | 14.08M | 10.75M | 8.18M | 5.67M | 2.98M | 2.60M |
| Other Expenses | 0.00 | 11.97M | 5.17M | 62.55M | 67.35M | -3.64M | -2.92M | -2.72M | -2.12M | -2.03M | -1.42M | -441.49K | 0.00 |
| Operating Expenses | 25.24M | 36.08M | 24.37M | 80.45M | 85.50M | 86.52M | 80.41M | 73.19M | 59.29M | 39.66M | 25.31M | 18.01M | 14.79M |
| Cost & Expenses | 240.03M | 286.29M | 212.41M | 201.46M | 213.87M | 219.80M | 187.42M | 140.40M | 113.58M | 61.52M | 36.22M | 26.70M | 22.26M |
| Interest Income | 1.82M | 471.00K | 55.09K | 281.62K | 952.19K | 606.67K | 436.20K | 164.63K | 15.57K | 16.44K | 6.06K | 4.71K | 3.61K |
| Interest Expense | 11.41M | 15.54M | 16.77M | 18.17M | 26.76M | 27.41M | 21.38M | 17.75M | 12.28M | 4.12M | 3.46M | 2.71M | 2.79M |
| Depreciation & Amortization | 27.82M | 33.44M | 36.87M | 38.39M | 37.13M | 38.78M | 37.20M | 32.81M | 24.16M | 14.85M | 8.39M | 6.20M | 5.34M |
| EBITDA | 157.85M | 187.83M | 11.83M | 50.63M | 40.55M | 21.14M | 46.14M | 54.37M | 68.46M | 20.66M | 8.04M | 4.67M | 5.46M |
| EBITDA Ratio | 39.86% | 42.45% | 6.15% | 23.21% | 21.49% | 12.43% | 22.06% | 33.00% | 43.37% | 30.72% | 22.43% | 17.55% | 23.11% |
| Operating Income | 155.95M | 159.93M | -19.87M | 18.88M | 17.12M | -9.62M | 8.51M | 24.00M | 44.30M | 5.81M | -350.93K | -1.53M | 115.02K |
| Operating Income Ratio | 39.38% | 35.88% | -10.32% | 8.58% | 7.44% | -4.58% | 4.34% | 14.60% | 28.06% | 8.63% | -0.98% | -6.06% | 0.51% |
| Total Other Income/Expenses | -37.67M | -49.87M | -16.49M | -24.73M | -43.77M | -33.16M | -20.94M | -20.19M | -12.27M | -4.10M | -3.46M | -2.96M | -3.08M |
| Income Before Tax | 118.28M | 138.86M | -36.37M | -5.85M | -22.80M | -42.78M | -12.43M | 3.81M | 32.03M | 1.71M | -3.81M | -4.49M | -2.96M |
| Income Before Tax Ratio | 29.87% | 31.15% | -18.89% | -2.66% | -9.91% | -20.35% | -6.34% | 2.32% | 20.29% | 2.54% | -10.62% | -17.83% | -13.24% |
| Income Tax Expense | 435.00K | 207.00K | 149.59K | 199.45K | 58.77K | 162.92K | 59.57K | 60.43K | 79.86K | 46.75K | 33.73K | 51.24K | 13.43K |
| Net Income | 116.81M | 138.45M | -36.52M | -6.05M | -22.86M | -42.94M | -12.49M | 3.75M | 31.95M | 1.66M | -3.84M | -4.54M | -2.98M |
| Net Income Ratio | 29.50% | 31.06% | -18.97% | -2.75% | -9.94% | -20.43% | -6.37% | 2.28% | 20.24% | 2.47% | -10.71% | -18.03% | -13.30% |
| EPS | 2.76 | 3.63 | -1.08 | -0.18 | -0.69 | -1.31 | -0.37 | 0.12 | 1.23 | 0.07 | -0.31 | -0.56 | -0.37 |
| EPS Diluted | 2.71 | 3.52 | -1.08 | -0.18 | -0.69 | -1.31 | -0.37 | 0.12 | 1.23 | 0.07 | -0.31 | -0.56 | -0.37 |
| Weighted Avg Shares Out | 41.13M | 37.24M | 33.88M | 33.24M | 33.10M | 32.78M | 33.44M | 30.14M | 26.06M | 24.55M | 12.24M | 8.05M | 8.05M |
| Weighted Avg Shares Out (Dil) | 41.82M | 38.36M | 33.88M | 33.24M | 33.10M | 32.84M | 33.44M | 30.14M | 26.06M | 24.55M | 12.24M | 8.05M | 8.05M |
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