Teekay Tankers Ltd.

NYSE TNK

Teekay Tankers Ltd. Return on Capital Employed (ROCE) for the year ending December 31, 2023: 31.76%

Teekay Tankers Ltd. Return on Capital Employed (ROCE) is 31.76% for the year ending December 31, 2023, a 93.15% change year over year. Return on capital employed assesses profitability against invested capital; higher ROCE signals efficient capital use.

Teekay Tankers Ltd. Return on Capital Employed (ROCE) for the year ending December 31, 2022 was 16.45%, a 214.87% change year over year.
Teekay Tankers Ltd. Return on Capital Employed (ROCE) for the year ending December 31, 2021 was -14.32%, a -266.82% change year over year.
Teekay Tankers Ltd. Return on Capital Employed (ROCE) for the year ending December 31, 2020 was 8.58%, a 34.43% change year over year.
Teekay Tankers Ltd. Return on Capital Employed (ROCE) for the year ending December 31, 2019 was 6.38%, a 776.74% change year over year.

Key data

Date	Return on Capital Employed (ROCE)	Interest Coverage Ratio	Debt to Equity Ratio	Return on Common Equity

NYSE: TNK

Teekay Tankers Ltd.

CEO	Mr. Kenneth Hvid
IPO Date	Dec. 13, 2007
Location	Canada
Headquarters	Belvedere Building
Employees	1,590
Sector	Industrials
Industries Maritime Shipping Cruise Lines

Description

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.

Key trends

Past 5 years