Andfjordlmon Group AS (OSL:ANDF) ROCE % : -5.81% (As of Jun. 2024)

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What is Andfjordlmon Group AS 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. Andfjordlmon Group AS's annualized ROCE % for the quarter that ended in Jun. 2024 was -5.81%.

Andfjordlmon Group AS ROCE % Historical Data

The historical data trend for Andfjordlmon Group AS'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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Andfjordlmon Group AS ROCE % Chart

Andfjordlmon Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.18

-7.46

-8.83

-11.32

-8.41

Andfjordlmon Group AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-11.49	-12.58	-2.96	-5.88	-5.81

Andfjordlmon Group AS ROCE % Calculation

Andfjordlmon Group AS'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 )
	=	-68.103	/	( ( (635.731 - 79.356)	+	(1212.864 - 149.877) )	/ 2 )
	=	-68.103	/	( (556.375	+	1062.987)	/ 2 )
	=	-68.103	/	809.681
	=	-8.41 %

Andfjordlmon Group AS's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-74.268	/	( ( (1154.545 - 109.736)	+	(1787.299 - 273.964) )	/ 2 )
	=	-74.268	/	( ( 1044.809	+	1513.335 )	/ 2 )
	=	-74.268	/	1279.072
	=	-5.81 %

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

Andfjordlmon Group AS (OSL:ANDF) 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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Andfjordlmon Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Andfjord Salmon Group AS (OSL:ANDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

50R:Germany

Address

Kvalnesveien 69, Dverberg, Andoy, NOR, 8485

Website

https://www.andfjordsalmon.com

Andfjord Salmon Group AS is a Norwegian company engaged in salmon farming. The company's farming facility is located on Andoya, the northernmost island in the Arctic Archipelago of Lofoten, Vesteralen. The company's business is to farm salmon with the aim of selling to third parties when the fish has reached a mature state. The company operated one salmon pool facility. The facility uses a seawater flow-through system that avoids issues with salmon lice and poisonous algae, prevents salmon escapement, and at the same time contributes to reduced feed waste.

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