Gigantelmon AS (FRA:96M) ROCE % : -0.33% (As of Sep. 2024)

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What is Gigantelmon AS 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. Gigantelmon AS's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.33%.

Gigantelmon AS ROCE % Historical Data

The historical data trend for Gigantelmon AS'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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Gigantelmon AS ROCE % Chart

Gigantelmon AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-9.21

-1.76

-0.56

0.33

0.22

Gigantelmon AS Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												0.65	0.19	-0.21	-0.78	-0.33

Gigantelmon AS ROCE % Calculation

Gigantelmon AS'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 )
	=	0.089	/	( ( (30.345 - 3.62)	+	(57.166 - 3.973) )	/ 2 )
	=	0.089	/	( (26.725	+	53.193)	/ 2 )
	=	0.089	/	39.959
	=	0.22 %

Gigantelmon AS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.284	/	( ( (87.411 - 6.307)	+	(94 - 4.792) )	/ 2 )
	=	-0.284	/	( ( 81.104	+	89.208 )	/ 2 )
	=	-0.284	/	85.156
	=	-0.33 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Gigantelmon AS (FRA:96M) 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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Gigantelmon AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gigante Salmon AS (FRA:96M) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GIGA:Norway

Address

Sjogata 21, Bodo, NOR, 8006

Website

https://www.gigantesalmon.no

Gigante Salmon AS is a land-based salmon farming company engaged in the salmon farming business.

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