Ice Fish Farm AS (OSL:IFISH) ROCE % : 1.72% (As of Sep. 2023)

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What is Ice Fish Farm AS 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. Ice Fish Farm AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.72%.

Ice Fish Farm AS ROCE % Historical Data

The historical data trend for Ice Fish Farm AS'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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Ice Fish Farm AS ROCE % Chart

Ice Fish Farm AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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3.03

3.25

3.98

3.10

-1.08

Ice Fish Farm AS Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial														17.96	-1.12	1.03	0.87	1.72

Ice Fish Farm AS ROCE % Calculation

Ice Fish Farm AS's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-24.479	/	( ( (1713.133 - 168.623)	+	(3682.692 - 689.565) )	/ 2 )
	=	-24.479	/	( (1544.51	+	2993.127)	/ 2 )
	=	-24.479	/	2268.8185
	=	-1.08 %

Ice Fish Farm AS's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	78.296	/	( ( (4797.239 - 261.196)	+	(4899.921 - 330.457) )	/ 2 )
	=	78.296	/	( ( 4536.043	+	4569.464 )	/ 2 )
	=	78.296	/	4552.7535
	=	1.72 %

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

Ice Fish Farm AS (OSL:IFISH) 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.

Ice Fish Farm AS ROCE % Related Terms

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Ice Fish Farm AS (OSL:IFISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ice Fish Farm AS (OSL:IFISH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4YYA:Germany

Address

Fiskeldi Austfjaroa hf, Nesbala 122, Seltjarnarnes, ISL, 170

Website

https://www.icefishfarm.is

Ice Fish Farm AS provides salmon fishes. The company is engaged in the breeding activity of salmon fishes in Iceland.

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