Arendals Fossekompani ASA (OSL:AFK) ROCE % : 5.70% (As of Sep. 2024)

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What is Arendals Fossekompani 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. Arendals Fossekompani ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.70%.

Arendals Fossekompani ASA ROCE % Historical Data

The historical data trend for Arendals Fossekompani 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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Arendals Fossekompani ASA ROCE % Chart

Arendals Fossekompani ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.92

3.76

8.19

9.68

8.97

Arendals Fossekompani 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															4.69	1.82	4.45	-43.08	5.70

Arendals Fossekompani ASA ROCE % Calculation

Arendals Fossekompani 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 )
	=	505.34	/	( ( (7840.462 - 2879.749)	+	(9059.932 - 2750.735) )	/ 2 )
	=	505.34	/	( (4960.713	+	6309.197)	/ 2 )
	=	505.34	/	5634.955
	=	8.97 %

Arendals Fossekompani 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 )
	=	292	/	( ( (8237 - 2651)	+	(7468 - 2802) )	/ 2 )
	=	292	/	( ( 5586	+	4666 )	/ 2 )
	=	292	/	5126
	=	5.70 %

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

Arendals Fossekompani ASA (OSL:AFK) 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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Arendals Fossekompani ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Arendals Fossekompani ASA (OSL:AFK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AFKO:Sweden 5VZ:Germany

Address

Langbryggen 9, Arendal, NOR, 4841

Website

https://www.arendalsfossekompani.no

Arendals Fossekompani ASA is an industrial investment company holding several core investments and a portfolio of financial investments. The company has proud traditions in power production and owns and operates two hydropower plants, and also runs several property development projects. In addition, the firm operates globally in many forward-looking industries including 3D printing, algo trading, satellite services, battery and solar technology, software and digitalization, as well as various green energy technologies. The company has 10 operating segments; Hydropower, Group Management, Volue, NSSLGIobaI, ENRX, Tekna, AFK Property, Alytic, Ampwell, and Vergia.