Reach Subsea ASA (LTS:0EMB) ROCE % : 9.56% (As of Dec. 2024)

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What is Reach Subsea 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. Reach Subsea ASA's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.56%.

Reach Subsea ASA ROCE % Historical Data

The historical data trend for Reach Subsea 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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Reach Subsea ASA ROCE % Chart

Reach Subsea ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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21.02

25.71

22.80

30.74

19.37

Reach Subsea ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															23.69	3.15	28.29	30.04	9.56

Reach Subsea ASA ROCE % Calculation

Reach Subsea ASA's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	352.189	/	( ( (2687.882 - 885.96)	+	(3247.702 - 1413.011) )	/ 2 )
	=	352.189	/	( (1801.922	+	1834.691)	/ 2 )
	=	352.189	/	1818.3065
	=	19.37 %

Reach Subsea ASA's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	180.952	/	( ( (3359.933 - 1407.282)	+	(3247.702 - 1413.011) )	/ 2 )
	=	180.952	/	( ( 1952.651	+	1834.691 )	/ 2 )
	=	180.952	/	1893.671
	=	9.56 %

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

Reach Subsea ASA (LTS:0EMB) 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.

Reach Subsea ASA ROCE % Related Terms

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Reach Subsea ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reach Subsea ASA (LTS:0EMB) » Definitions » ROCE %

Comparable Companies

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REACHo:Sweden REACH:Norway 4RS:Germany

Address

Mollervegen 6, Haugesund, NOR, 5525

Website

https://www.reachsubsea.no

Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

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