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AASZF (Atlanticpphire ASA) ROCE % : -30.13% (As of Jun. 2024)


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What is Atlanticpphire 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. Atlanticpphire ASA's annualized ROCE % for the quarter that ended in Jun. 2024 was -30.13%.

Atlanticpphire ASA ROCE % Historical Data

The historical data trend for Atlanticpphire 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.

* Premium members only.

Atlanticpphire ASA ROCE % Chart

Atlanticpphire ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial -6.94 -20.17 -43.23 -19.70 -39.68

Atlanticpphire ASA Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.43 -33.38 -25.34 -51.00 -30.13

Atlanticpphire ASA ROCE % Calculation

Atlanticpphire 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 )
=-128.833/( ( (357.551 - 30.664) + (342.258 - 19.786) )/ 2 )
=-128.833/( (326.887+322.472)/ 2 )
=-128.833/324.6795
=-39.68 %

Atlanticpphire ASA's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=-94.4/( ( (342.258 - 19.786) + (328.447 - 24.349) )/ 2 )
=-94.4/( ( 322.472 + 304.098 )/ 2 )
=-94.4/313.285
=-30.13 %

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

* 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.

Atlanticpphire ASA  (OTCPK:AASZF) 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.

Atlanticpphire ASA ROCE % Related Terms

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Atlanticpphire ASA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Atlantic Sapphire ASA (OTCPK:AASZF) » Definitions » ROCE %
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Address
22275 SW 272nd Street, Homestead, FL, USA, 33031
Website
https://www.atlanticsapphire.com
Atlantic Sapphire ASA is engaged in fish farming activities locally to transform protein production globally. The group owns and operates land-based Atlantic salmon farms in Denmark and Homestead in the United States. Its brand portfolio includes Bluehouse Salmon and Sapphire salmon. Its geographical segments are the United States, Denmark, the Netherlands, and Other countries.