Proximar Seafood AS (OSL:PROXI) ROCE % : -13.97% (As of Dec. 2023)

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What is Proximar Seafood 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. Proximar Seafood AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.97%.

Proximar Seafood AS ROCE % Historical Data

The historical data trend for Proximar Seafood 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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Proximar Seafood AS ROCE % Chart

Proximar Seafood AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-67.29

-9.41

-4.29

-7.57

Proximar Seafood AS Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-4.32	-5.07	-7.21	-4.44	-13.97

Proximar Seafood AS ROCE % Calculation

Proximar Seafood 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 )
	=	-80.722	/	( ( (860.466 - 13.132)	+	(1387.922 - 101.504) )	/ 2 )
	=	-80.722	/	( (847.334	+	1286.418)	/ 2 )
	=	-80.722	/	1066.876
	=	-7.57 %

Proximar Seafood AS's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-182.036	/	( ( (1573.525 - 253.032)	+	(1387.922 - 101.504) )	/ 2 )
	=	-182.036	/	( ( 1320.493	+	1286.418 )	/ 2 )
	=	-182.036	/	1303.4555
	=	-13.97 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Proximar Seafood AS (OSL:PROXI) 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.

Proximar Seafood AS ROCE % Related Terms

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Proximar Seafood AS (OSL:PROXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Proximar Seafood AS (OSL:PROXI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

84Q:Germany

Address

Edvard Griegs vei 3C, Bergen, NOR, 5059

Website

https://www.proximarseafood.com

Proximar Seafood AS is a land-based salmon farming company in the process of constructing a fish farm for Atlantic salmon in Japan. It produces Atlantic salmon which involves free of medication and without impact from traditional challenges such as lice and microplastics and the fish is isolated from the marine surrounding environment.

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