Isfelag hfs (OISE:ISF) ROCE % : 5.67% (As of Dec. 2023)

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What is Isfelag hfs ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Isfelag hfs's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.67%.

Isfelag hfs ROCE % Historical Data

The historical data trend for Isfelag hfs's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Isfelag hfs ROCE % Chart

Isfelag hfs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

8.11

16.77

26.01

10.15

Isfelag hfs Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
ROCE %	-	-	-	13.34	5.67

Isfelag hfs ROCE % Calculation

Isfelag hfs's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	7541.161	/	( ( (46784.974 - 3627.901)	+	(112244.03 - 6828.111) )	/ 2 )
	=	7541.161	/	( (43157.073	+	105415.919)	/ 2 )
	=	7541.161	/	74286.496
	=	10.15 %

Isfelag hfs's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	5735.374	/	( ( (107423.621 - 10441.36)	+	(112244.03 - 6828.111) )	/ 2 )
	=	5735.374	/	( ( 96982.261	+	105415.919 )	/ 2 )
	=	5735.374	/	101199.09
	=	5.67 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Isfelag hfs (OISE:ISF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Isfelag hfs (OISE:ISF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Isfelag hfs (OISE:ISF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tangagata 1, Vestmannaeyjar, ISL, 900

Website

https://www.isfelag.is

Isfelag is engaged in fishing and the processing of marine products. It is active in Iceland in the field of fishing and processing of pelagic species and production of fishmeal and fish oil and also produces sea-frozen seafood. Its products include COD fish, HADDOCK fish, SAITHE fish, CAPELIN fish, MACKEREL fish, HERRING fish etc.

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