The Kingfish Co NV (FRA:93G) ROCE % : -10.34% (As of Jun. 2024)

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What is The Kingfish Co NV 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. The Kingfish Co NV's annualized ROCE % for the quarter that ended in Jun. 2024 was -10.34%.

The Kingfish Co NV ROCE % Historical Data

The historical data trend for The Kingfish Co NV'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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The Kingfish Co NV ROCE % Chart

The Kingfish Co NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.11

-9.30

-10.23

-7.09

-3.45

The Kingfish Co NV Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								-7.70	-6.20	-4.29	-2.92	-10.34

The Kingfish Co NV ROCE % Calculation

The Kingfish Co NV'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 )
	=	-5.315	/	( ( (141.736 - 13.074)	+	(187.222 - 7.366) )	/ 2 )
	=	-5.315	/	( (128.662	+	179.856)	/ 2 )
	=	-5.315	/	154.259
	=	-3.45 %

The Kingfish Co NV'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 )
	=	-18.378	/	( ( (187.222 - 7.366)	+	(181.641 - 6.029) )	/ 2 )
	=	-18.378	/	( ( 179.856	+	175.612 )	/ 2 )
	=	-18.378	/	177.734
	=	-10.34 %

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

The Kingfish Co NV (FRA:93G) 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.

The Kingfish Co NV ROCE % Related Terms

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The Kingfish Co NV Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KING:Norway

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

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