Salmones Camanchaca (XSGO:SALMOCAM) ROCE % : -6.57% (As of Dec. 2023)

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What is Salmones Camanchaca 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. Salmones Camanchaca's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.57%.

Salmones Camanchaca ROCE % Historical Data

The historical data trend for Salmones Camanchaca'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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Salmones Camanchaca ROCE % Chart

Salmones Camanchaca Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.63

-14.01

-3.17

20.99

0.39

Salmones Camanchaca Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															13.50	14.62	-0.56	-6.33	-6.57

Salmones Camanchaca ROCE % Calculation

Salmones Camanchaca'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 )
	=	1121.741	/	( ( (366377.629 - 81848.347)	+	(411814.156 - 121866.437) )	/ 2 )
	=	1121.741	/	( (284529.282	+	289947.719)	/ 2 )
	=	1121.741	/	287238.5005
	=	0.39 %

Salmones Camanchaca'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-19822.948	/	( ( (421797.567 - 107888.565)	+	(411814.156 - 121866.437) )	/ 2 )
	=	-19822.948	/	( ( 313909.002	+	289947.719 )	/ 2 )
	=	-19822.948	/	301928.3605
	=	-6.57 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Salmones Camanchaca (XSGO:SALMOCAM) 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.

Salmones Camanchaca ROCE % Related Terms

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Salmones Camanchaca (XSGO:SALMOCAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salmones Camanchaca SA (XSGO:SALMOCAM) » Definitions » ROCE %

Traded in Other Exchanges

SACAM:Norway 2SA0:Germany

Address

Diego Portales 2000, Floor 13, Puerto Montt, CHL

Website

https://www.camanchaca.cl

Salmones Camanchaca SA is engaged in the fishing industry. The company is into breeding, producing, marketing and farming salmon and other species or organisms whose normal and frequent environment is water, including research and development of salmonidae genetics, farming, cultivating, processing, producing and marketing seafood. The products of company are Atlantic salmon, Coho salmon and others. The majority of the sales of company is in the United States.

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