Leroy Seafood Group ASA (CHIX:LSGO) ROCE % : 9.63% (As of Mar. 2024)

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What is Leroy Seafood Group ASA 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. Leroy Seafood Group ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.63%.

Leroy Seafood Group ASA ROCE % Historical Data

The historical data trend for Leroy Seafood Group ASA'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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Leroy Seafood Group ASA ROCE % Chart

Leroy Seafood Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.42

4.73

13.68

14.62

9.77

Leroy Seafood Group ASA 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															11.18	12.62	6.88	8.05	9.63

Leroy Seafood Group ASA ROCE % Calculation

Leroy Seafood Group ASA'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 )
	=	3152.761	/	( ( (37061.66 - 6363.479)	+	(41418.529 - 7546.844) )	/ 2 )
	=	3152.761	/	( (30698.181	+	33871.685)	/ 2 )
	=	3152.761	/	32284.933
	=	9.77 %

Leroy Seafood Group ASA'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 )
	=	3306.076	/	( ( (41418.529 - 7546.844)	+	(41018.623 - 6197.887) )	/ 2 )
	=	3306.076	/	( ( 33871.685	+	34820.736 )	/ 2 )
	=	3306.076	/	34346.2105
	=	9.63 %

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

Leroy Seafood Group ASA (CHIX:LSGo) 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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Leroy Seafood Group ASA (CHIX:LSGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Leroy Seafood Group ASA (CHIX:LSGo) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LYSFY:USA LYSFF:USA LSGO:Sweden LSG:Norway 0GM2:UK Z1L:Germany

Address

Thormohlens gate 51 B, P.O.Box 7600, Bergen, NOR, NO - 5006

Website

https://www.leroyseafood.com

Leroy Seafood Group ASA is a seafood producer, originally from Norway. The company's core activities are global distribution, sale, and marketing of seafood, processed seafood, salmon, fjord trout, cod, saithe, mackerel, herring, sushi, shellfish, and other species. Leroy Seafood Group serves hotels, restaurants, and retail segments with fresh, frozen, smoked, and marinated seafood products. Its main brands are Aurora Salmon, Artic Supreme, Fossen Fjord Fish, Leroj Fjord Trout, Leroy Sushi, and Leroy King Crab.

Leroy Seafood Group ASA (CHIX:LSGO) Headlines

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