Arctic Blue Beverages AB (OSTO:ARCTIC) ROCE % : -4,449.40% (As of Mar. 2024)

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What is Arctic Blue Beverages AB 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. Arctic Blue Beverages AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -4,449.40%.

Arctic Blue Beverages AB ROCE % Historical Data

The historical data trend for Arctic Blue Beverages AB'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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Arctic Blue Beverages AB ROCE % Chart

Arctic Blue Beverages AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-49.87

-94.76

-199.78

-164.66

Arctic Blue Beverages AB Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-118.50	-159.97	-182.09	-423.84	-4,449.40

Arctic Blue Beverages AB ROCE % Calculation

Arctic Blue Beverages AB'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 )
	=	-18.064	/	( ( (24.639 - 4.972)	+	(12.861 - 10.587) )	/ 2 )
	=	-18.064	/	( (19.667	+	2.274)	/ 2 )
	=	-18.064	/	10.9705
	=	-164.66 %

Arctic Blue Beverages AB'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 )
	=	-14.772	/	( ( (12.861 - 10.587)	+	(16.586 - 18.196) )	/ 2 )
	=	-14.772	/	( ( 2.274	+	-1.61 )	/ 2 )
	=	-14.772	/	0.332
	=	-4,449.40 %

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

Arctic Blue Beverages AB (OSTO:ARCTIC) 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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Arctic Blue Beverages AB (OSTO:ARCTIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Arctic Blue Beverages AB (OSTO:ARCTIC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aleksanterinkatu 19, Helsinki, FIN, 00100

Website

https://www.arcticbluebeverages.com

Arctic Blue Beverages AB is a beverage company whose products are Arctic Blue Gin, Arctic Blue Gin Navy Strength, Milk-free gin-based oat liqueur, and Arctic Blue Oat. The company invests heavily in international exports and its products are sold in Finland, Sweden, Japan, Australia, and more than a dozen other countries.

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