Bakkafrost P/F (OSL:BAKKA) ROCE % : 12.61% (As of Mar. 2024)

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What is Bakkafrost P/F 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. Bakkafrost P/F's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.61%.

Bakkafrost P/F ROCE % Historical Data

The historical data trend for Bakkafrost P/F'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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Bakkafrost P/F ROCE % Chart

Bakkafrost P/F Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.42

5.63

8.79

11.93

8.41

Bakkafrost P/F Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.98	-2.92	6.96	13.04	12.61

Bakkafrost P/F ROCE % Calculation

Bakkafrost P/F'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 )
	=	2053.049	/	( ( (23749.679 - 1298.854)	+	(27537.535 - 1153.022) )	/ 2 )
	=	2053.049	/	( (22450.825	+	26384.513)	/ 2 )
	=	2053.049	/	24417.669
	=	8.41 %

Bakkafrost P/F's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3361.064	/	( ( (27537.535 - 1153.022)	+	(28251.001 - 1312.829) )	/ 2 )
	=	3361.064	/	( ( 26384.513	+	26938.172 )	/ 2 )
	=	3361.064	/	26661.3425
	=	12.61 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Bakkafrost P/F (OSL:BAKKA) 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.

Bakkafrost P/F ROCE % Related Terms

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Bakkafrost P/F (OSL:BAKKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bakkafrost P/F (OSL:BAKKA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BKFKY:USA BKFKF:USA BAKKAO:Sweden BAKKAo:UK 0MQ2:UK 6BF:Germany

Address

Bakkavegur 9, P.O. Box 221, Glyvrar, FRO, FO-625

Website

https://www.bakkafrost.com

Bakkafrost P/F is a salmon producer based in the Faroe Islands. The company's activities include farming, harvesting, packaging, processing, and sales. The salmon products consist of whole salmon, frozen salmon portions, salmon heads, backbones, belly flaps, and salmon skin. Bakkafrost divides its operations into three segments. The fish farming segment involves the breeding, processing, sales, and distribution of salmon and contributes to the majority of the group revenue. The value-added products segment produces skinless and boneless portions of salmon. The fishmeal, oil and feed segment is engaged in the production and sale of fishmeal, fish oil and fish feed through Bakkafrost's subsidiary Havsbrun.

Bakkafrost P/F (OSL:BAKKA) Headlines

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