Siminn hf (OISE:SIMINN) ROCE % : 13.21% (As of Dec. 2024)

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What is Siminn hf 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. Siminn hf's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.21%.

Siminn hf ROCE % Historical Data

The historical data trend for Siminn hf'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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Siminn hf ROCE % Chart

Siminn hf Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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4.32

5.19

7.10

7.69

11.42

Siminn hf 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															12.29	7.40	10.48	13.39	13.21

Siminn hf ROCE % Calculation

Siminn hf'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 )
	=	3363	/	( ( (33789 - 7984)	+	(41182 - 8076) )	/ 2 )
	=	3363	/	( (25805	+	33106)	/ 2 )
	=	3363	/	29455.5
	=	11.42 %

Siminn hf'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 )
	=	4264	/	( ( (39873 - 8422)	+	(41182 - 8076) )	/ 2 )
	=	4264	/	( ( 31451	+	33106 )	/ 2 )
	=	4264	/	32278.5
	=	13.21 %

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

Siminn hf (OISE:SIMINN) 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.

Siminn hf ROCE % Related Terms

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Siminn hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Siminn hf (OISE:SIMINN) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Armula 25, Reykjavik, ISL, 108

Website

https://www.siminn.is

Siminn hf is an Iceland-based telecommunications company engaged in offering communication services. The operating segments of the company are Mobile, Internet, and Network; TV; Equipment sales; and Others. It derives a majority of the revenue from the Internet and Network segment, which involves revenue from data service, including xDSL service, GPON, Internet, IP net, core network, local loop, and access network. The Mobile segment involves revenue from mobile services in Iceland and abroad, whether traditional GSM service, satellite service, wholesale mobile service, or other mobile services.

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