GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Kingfish Co NV (OSL:KING) » Definitions » ROIC %

The Kingfish Co NV (OSL:KING) ROIC % : -9.80% (As of Jun. 2024)


View and export this data going back to 2020. Start your Free Trial

What is The Kingfish Co NV ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The Kingfish Co NV's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2024 was -9.80%.

As of today (2025-03-27), The Kingfish Co NV's WACC % is 7.26%. The Kingfish Co NV's ROIC % is -6.46% (calculated using TTM income statement data). The Kingfish Co NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.


The Kingfish Co NV ROIC % Historical Data

The historical data trend for The Kingfish Co NV's ROIC % 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.

* Premium members only.

The Kingfish Co NV ROIC % Chart

The Kingfish Co NV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROIC %
Get a 7-Day Free Trial -10.23 -12.41 -10.96 -5.45 -3.14

The Kingfish Co NV Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.61 -4.16 -3.22 -2.77 -9.80

Competitive Comparison of The Kingfish Co NV's ROIC %

For the Farm Products subindustry, The Kingfish Co NV's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Kingfish Co NV's ROIC % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Kingfish Co NV's ROIC % distribution charts can be found below:

* The bar in red indicates where The Kingfish Co NV's ROIC % falls into.


;
;

The Kingfish Co NV ROIC % Calculation

The Kingfish Co NV's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROIC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=-52.851 * ( 1 - 1.79% )/( (1419.071 + 1891.92)/ 2 )
=-51.9049671/1655.4955
=-3.14 %

where

Invested Capital(A: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1483.438 - 47.37 - ( 16.997 - max(0, 136.835 - 154.46+16.997))
=1419.071

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2153.849 - 37.216 - ( 224.713 - max(0, 84.74 - 463.518+224.713))
=1891.92

The Kingfish Co NV's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2024 is calculated as:

ROIC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-215.118 * ( 1 - 13.55% )/( (1891.92 + 1903.378)/ 2 )
=-185.969511/1897.649
=-9.80 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2153.849 - 37.216 - ( 224.713 - max(0, 84.74 - 463.518+224.713))
=1891.92

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2075.556 - 27.55 - ( 144.628 - max(0, 68.892 - 411.361+144.628))
=1903.378

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

* 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.


The Kingfish Co NV  (OSL:KING) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, The Kingfish Co NV's WACC % is 7.26%. The Kingfish Co NV's ROIC % is -6.46% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


The Kingfish Co NV ROIC % Related Terms

Thank you for viewing the detailed overview of The Kingfish Co NV's ROIC % provided by GuruFocus.com. Please click on the following links to see related term pages.


The Kingfish Co NV Business Description

Traded in Other Exchanges
N/A
Address
Oost Zeedijk 13, Kats, NLD, 4485 PM
The Kingfish Co NV is involved in seafood production, utilizing land-based recirculating aquaculture system technology. It produces Yellowtail Kingfish which is their main source of revenue, a versatile seafood species with an active vertically integrated operation in the Netherlands. The company engages in the production and supply of sustainable, safe, and high-quality seafood in its target markets. Its geographic markets are Geographical markets in Western Europe, Southern Europe, and the Rest of the World.

The Kingfish Co NV Headlines

From GuruFocus

How Long Will King Digital Rule Mobile Gaming?

By Nicholas Kitonyi Nicholas Kitonyi 10-29-2015

KING Of Monetization

By Barel Karsan Barel Karsan 10-16-2014

Candy Crush Taking King Digitals To New Highs

By reports.droy reports.droy 03-18-2015

Why King Digital Entertainment Is a Value Trap

By Juhi Kulkarni Juhi Kulkarni 11-10-2015

A Gaming Stock Worth Owning

By Business Reports Business Reports 04-08-2015

King Crushed as Growth Slows

By Last Financier Last Financier 08-14-2014

2 Questionable Tech Stocks Going Public?

By Intelligent Speculator Intelligent Speculator 03-27-2014