AKVA Group ASA (OSL:AKVA) ROCE % : 4.34% (As of Mar. 2024)

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What is AKVA 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. AKVA Group ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.34%.

AKVA Group ASA ROCE % Historical Data

The historical data trend for AKVA 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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AKVA Group ASA ROCE % Chart

AKVA Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.22

7.45

1.92

-4.23

2.74

AKVA 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															3.02	8.28	3.14	-3.09	4.34

AKVA Group ASA ROCE % Calculation

AKVA 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 )
	=	65.938	/	( ( (3580.446 - 1275.41)	+	(3683.933 - 1172.701) )	/ 2 )
	=	65.938	/	( (2305.036	+	2511.232)	/ 2 )
	=	65.938	/	2408.134
	=	2.74 %

AKVA 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 )
	=	108.5	/	( ( (3683.933 - 1172.701)	+	(3766.82 - 1276.003) )	/ 2 )
	=	108.5	/	( ( 2511.232	+	2490.817 )	/ 2 )
	=	108.5	/	2501.0245
	=	4.34 %

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

AKVA Group ASA (OSL:AKVA) 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.

AKVA Group ASA ROCE % Related Terms

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AKVA Group ASA (OSL:AKVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AKVA Group ASA (OSL:AKVA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3QI:Germany

Address

Svanavågveien 30, Egersund, NOR, N-4374

Website

https://www.akvagroup.com

AKVA Group ASA is a technology and service partner in the aquaculture industry. The company has three operating segments; Sea-Based Technology includes products like feed barges, fish farming cages, feed systems, nets, sensors, cameras, light systems, net cleaning systems, and remotely operating vehicles, Land Based Technology includes Recirculation technology that allows the re-use of the water by cleaning the water and restoring important water quality parameters, using water treatment technology, and Digital includes products like FishtalkTM, AKVAconnect, and Observe. The FishtalkTM software includes brands such as Production control, planning, traceability, and ERP software for both the aquaculture and the fishing industry.

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