Salmon Evolution ASA (OSL:SALME) ROCE % : -5.67% (As of Dec. 2023)

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What is Salmon Evolution 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. Salmon Evolution ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.67%.

Salmon Evolution ASA ROCE % Historical Data

The historical data trend for Salmon Evolution 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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Salmon Evolution ASA ROCE % Chart

Salmon Evolution ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-28.15

-4.04

-2.77

-1.64

-4.86

Salmon Evolution ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-1.10	-5.99	-3.11	-4.10	-5.67

Salmon Evolution ASA ROCE % Calculation

Salmon Evolution 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 )
	=	-111.859	/	( ( (2306.174 - 210.873)	+	(2709.585 - 202.032) )	/ 2 )
	=	-111.859	/	( (2095.301	+	2507.553)	/ 2 )
	=	-111.859	/	2301.427
	=	-4.86 %

Salmon Evolution ASA'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 )
	=	-143.456	/	( ( (2759.378 - 210.923)	+	(2709.585 - 202.032) )	/ 2 )
	=	-143.456	/	( ( 2548.455	+	2507.553 )	/ 2 )
	=	-143.456	/	2528.004
	=	-5.67 %

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

Salmon Evolution ASA (OSL:SALME) 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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Salmon Evolution ASA (OSL:SALME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salmon Evolution ASA (OSL:SALME) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SALMEo:Sweden 60E:Germany

Address

Torget 5, NO-6440 Elnesvagen, Hustadvika, NOR, 6440

Website

https://www.salmonevolution.no

Salmon Evolution ASA is a land-based salmon farming company in Norway. Its focus is on extending the ocean's potential by transferring the preconditions offered by the sea to farm fish on land through its chosen hybrid flow-through system technology (HFS). It production facility of the company is located in Indre Haroy, Norway. It offers access to an educated and experienced workforce, established infrastructure for salmon farming, renewable energy, and unlimited fresh seawater.

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