Icelandiclmon AS (OSL:ISLAX) ROCE % : -1.59% (As of Dec. 2023)

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What is Icelandiclmon AS 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. Icelandiclmon AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.59%.

Icelandiclmon AS ROCE % Historical Data

The historical data trend for Icelandiclmon AS'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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Icelandiclmon AS ROCE % Chart

Icelandiclmon AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.77

0.98

3.42

24.77

6.85

Icelandiclmon AS Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						0.93	32.60	18.20	17.59	-1.59

Icelandiclmon AS ROCE % Calculation

Icelandiclmon AS'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 )
	=	158.345	/	( ( (2462.761 - 315.127)	+	(2741.394 - 264.69) )	/ 2 )
	=	158.345	/	( (2147.634	+	2476.704)	/ 2 )
	=	158.345	/	2312.169
	=	6.85 %

Icelandiclmon AS'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 )
	=	-34.972	/	( ( (2668.009 - 749.712)	+	(2741.394 - 264.69) )	/ 2 )
	=	-34.972	/	( ( 1918.297	+	2476.704 )	/ 2 )
	=	-34.972	/	2197.5005
	=	-1.59 %

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

Icelandiclmon AS (OSL:ISLAX) 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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Icelandiclmon AS (OSL:ISLAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Icelandic Salmon AS (OSL:ISLAX) » Definitions » ROCE %

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ISLAX:Iceland

Address

Industriveien 51, Kverva, NOR, 7266

Website

https://www.arnarlax.is

Icelandic Salmon AS is an aquaculture company in Iceland. It is engaged in the production, processing, and sale of high-quality Icelandic salmon. Geographically, it derives a majority of revenue from Europe excluding Norway.

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