Skel Fjarfestingafelag hf (OISE:SKEL) ROCE % : 30.19% (As of Dec. 2024)

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What is Skel Fjarfestingafelag 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. Skel Fjarfestingafelag hf's annualized ROCE % for the quarter that ended in Dec. 2024 was 30.19%.

Skel Fjarfestingafelag hf ROCE % Historical Data

The historical data trend for Skel Fjarfestingafelag 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.
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Skel Fjarfestingafelag hf ROCE % Chart

Skel Fjarfestingafelag hf Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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0.90

39.53

69.00

14.06

14.91

Skel Fjarfestingafelag hf Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															87.67	12.04	15.61	-0.22	30.19

Skel Fjarfestingafelag hf ROCE % Calculation

Skel Fjarfestingafelag 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 )
	=	7714	/	( ( (49745 - 3449)	+	(60570 - 3364) )	/ 2 )
	=	7714	/	( (46296	+	57206)	/ 2 )
	=	7714	/	51751
	=	14.91 %

Skel Fjarfestingafelag 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: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	15528	/	( ( (49136 - 3473)	+	(60570 - 3364) )	/ 2 )
	=	15528	/	( ( 45663	+	57206 )	/ 2 )
	=	15528	/	51434.5
	=	30.19 %

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

Skel Fjarfestingafelag hf (OISE:SKEL) 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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Skel Fjarfestingafelag hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Skel Fjarfestingafelag hf (OISE:SKEL) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Bjargargata 1, 4th floor, Reykjavik, ISL, 102

Website

https://www.skel.is

Skel Fjarfestingafelag hf operates as an investment company with the objective of creating value for shareholders, subsidiaries, associated companies, and other stakeholders. The Company achieves this by developing its asset portfolio, which spans various sectors. As a strategic investor, SKEL provides support and assistance to the companies, management teams, and entrepreneurs in which it invests. SKEL's staff and management work closely with its partners to fully leverage opportunities, whether for established operating companies or business ideas.

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