SalMar ASA (OSL:SALM) ROCE %

: 22.81% (As of Sep. 2023)

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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. SalMar ASA's annualized ROCE % for the quarter that ended in Sep. 2023 was 22.81%.

SalMar ASA ROCE % Historical Data

The historical data trend for SalMar 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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SalMar ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

41.75

25.18

17.01

13.17

12.34

SalMar ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																14.21	-7.87	21.89	17.13	22.81

SalMar ASA ROCE % Calculation

SalMar ASA'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 )
	=	4258.912	/	( ( (28085.251 - 4686.079)	+	(62500.963 - 16898.331) )	/ 2 )
	=	4258.912	/	( (23399.172	+	45602.632)	/ 2 )
	=	4258.912	/	34500.902
	=	12.34 %

SalMar ASA'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 )
	=	10608	/	( ( (63867 - 14633)	+	(53256 - 9487) )	/ 2 )
	=	10608	/	( ( 49234	+	43769 )	/ 2 )
	=	10608	/	46501.5
	=	22.81 %

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

SalMar ASA (OSL:SALM) 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.

SalMar ASA ROCE % Related Terms

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SalMar ASA (OSL:SALM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SalMar ASA (OSL:SALM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SALRY:USA SALRF:USA SALMO:Sweden 0FWY:UK JEP:Germany

Address

Industriveien 51, Kverva, NOR, N-7266

Website

https://www.salmar.no

SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material. Customers include importers, exporters, and larger processing companies and retail chains.