The Kingfish Co NV (FRA:93G) ROC % : -9.83% (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is The Kingfish Co NV ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The Kingfish Co NV's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was -9.83%.

As of today (2025-03-16), The Kingfish Co NV's WACC % is 7.28%. The Kingfish Co NV's ROC % is -6.46% (calculated using TTM income statement data). The Kingfish Co NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.

The Kingfish Co NV ROC % Historical Data

The historical data trend for The Kingfish Co NV's ROC % 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.

* Premium members only.

The Kingfish Co NV ROC % Chart

The Kingfish Co NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

Get a 7-Day Free Trial

-10.11

-12.17

-11.13

-5.40

-3.01

The Kingfish Co NV Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROC %	Get a 7-Day Free Trial								-6.57	-4.13	-3.06	-2.80	-9.83

The Kingfish Co NV ROC % Calculation

The Kingfish Co NV's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-4.594 * ( 1 - 1.79% )	/	( (135.586	+	164.454)	/ 2 )
=	-4.5117674	/	150.02
=	-3.01 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	141.736	-	4.526	-	( 1.624	-	max(0, 13.074	-	14.758	+	1.624	))
=	135.586

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	187.222	-	3.235	-	( 19.533	-	max(0, 7.366	-	40.291	+	19.533	))
=	164.454

The Kingfish Co NV's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-18.826 * ( 1 - 13.55% )	/	( (164.454	+	166.573)	/ 2 )
=	-16.275077	/	165.5135
=	-9.83 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	187.222	-	3.235	-	( 19.533	-	max(0, 7.366	-	40.291	+	19.533	))
=	164.454

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	181.641	-	2.411	-	( 12.657	-	max(0, 6.029	-	36	+	12.657	))
=	166.573

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

The Kingfish Co NV (FRA:93G) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, The Kingfish Co NV's WACC % is 7.28%. The Kingfish Co NV's ROC % is -6.46% (calculated using TTM income statement data). The Kingfish Co NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

The Kingfish Co NV ROC % Related Terms

Thank you for viewing the detailed overview of The Kingfish Co NV's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

The Kingfish Co NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Kingfish Co NV (FRA:93G) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

KING:Norway 93G:Germany

Address

Oost Zeedijk 13, Kats, NLD, 4485 PM

Website

https://www.the-kingfish-company.com

The Kingfish Co NV is involved in seafood production, utilizing land-based recirculating aquaculture system technology. It produces Yellowtail Kingfish which is their main source of revenue, a versatile seafood species with an active vertically integrated operation in the Netherlands. The company engages in the production and supply of sustainable, safe, and high-quality seafood in its target markets. Its geographic markets are Geographical markets in Western Europe, Southern Europe, and the Rest of the World.

The Kingfish Co NV Headlines

No Headlines