ABL Group ASA (OSTO:AQUAO) ROCE % : 22.69% (As of Sep. 2023)

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What is ABL 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. ABL Group ASA's annualized ROCE % for the quarter that ended in Sep. 2023 was 22.69%.

ABL Group ASA ROCE % Historical Data

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

ABL Group ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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10.51

25.77

3.89

8.77

15.40

ABL Group ASA Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															15.70	10.22	3.47	15.19	22.69

ABL Group ASA ROCE % Calculation

ABL Group 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 )
	=	118.838	/	( ( (1033.635 - 318.793)	+	(1254.061 - 425.526) )	/ 2 )
	=	118.838	/	( (714.842	+	828.535)	/ 2 )
	=	118.838	/	771.6885
	=	15.40 %

ABL Group 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 )
	=	294.672	/	( ( (1877.893 - 599.103)	+	(1908.267 - 589.687) )	/ 2 )
	=	294.672	/	( ( 1278.79	+	1318.58 )	/ 2 )
	=	294.672	/	1298.685
	=	22.69 %

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

ABL Group ASA (OSTO:AQUAo) 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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ABL Group ASA (OSTO:AQUAO) Business Description

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ABL:Norway

Address

10 Lower Thames Street, 1st Floor, Northern and Shell Building, London, GBR, EC3R 6EN

Website

https://www.abl-group.com

ABL Group ASA is an independent energy and marine consultant working in energy and oceans to de-risk and drive the energy transition across the renewables, maritime, and oil and gas sectors, offering its clients expertise across marine, engineering, and adjusting disciplines from more than 300 locations world wide. It has offices majorly in marine and offshore energy hubs in countries across Europe, Africa, the Americas, the Middle East, Asia, and Australia.

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