Austevoll Seafood ASA (FRA:Z85) ROCE % : 1.38% (As of Sep. 2024)

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What is Austevoll Seafood 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. Austevoll Seafood ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.38%.

Austevoll Seafood ASA ROCE % Historical Data

The historical data trend for Austevoll Seafood 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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Austevoll Seafood ASA ROCE % Chart

Austevoll Seafood ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.15

3.88

13.33

14.80

8.06

Austevoll Seafood ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-2.03	9.98	10.97	24.72	1.38

Austevoll Seafood ASA ROCE % Calculation

Austevoll Seafood 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 )
	=	309.538	/	( ( (4592.112 - 752.804)	+	(4606.123 - 761.979) )	/ 2 )
	=	309.538	/	( (3839.308	+	3844.144)	/ 2 )
	=	309.538	/	3841.726
	=	8.06 %

Austevoll Seafood ASA'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 )
	=	53.604	/	( ( (4720.525 - 714.905)	+	(4460.724 - 702.642) )	/ 2 )
	=	53.604	/	( ( 4005.62	+	3758.082 )	/ 2 )
	=	53.604	/	3881.851
	=	1.38 %

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

Austevoll Seafood ASA (FRA:Z85) 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.

Austevoll Seafood ASA ROCE % Related Terms

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Austevoll Seafood ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Austevoll Seafood ASA (FRA:Z85) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASTVF:USA AUSSO:Sweden AUSS:Norway 0DNW:UK

Address

Alfabygget, Storebo, NOR, 5392

Website

https://www.auss.no

Austevoll Seafood ASA is a fishery and seafood company that owns and operates fishing vessels, fishmeal plants, canning plants, freezing plants, salmon farming, and marketing and sales. The company mainly operates in Norway, the U.K., Peru, Chile, and North Atlantic region. AUSS's activities are segmented as Leroy Seafood Group ASA (Europe), Austral Group S.A.A (Peru), Foodcorp Chile S.A (Chile), Br. Birkeland AS (Norway), Br. Birkeland Farming AS (Norway) and the joint venture Pelagia Holding AS (Europe). Among the segments, Leroy Seafood Group ASA (Europe) generates the majority of the group's income.

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