Aker Horizons ASA (Aker Horizons ASA) ROCE % : 4.16% (As of Dec. 2023)

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What is Aker Horizons 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. Aker Horizons ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.16%.

Aker Horizons ASA ROCE % Historical Data

The historical data trend for Aker Horizons 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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Aker Horizons ASA ROCE % Chart

Aker Horizons ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-42.15

-11.82

-17.56

-18.15

Aker Horizons ASA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-6.74	-0.35	-30.65	-45.05	4.16

Aker Horizons ASA ROCE % Calculation

Aker Horizons 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 )
	=	-529.13	/	( ( (3779.213 - 307.892)	+	(2581.379 - 222.856) )	/ 2 )
	=	-529.13	/	( (3471.321	+	2358.523)	/ 2 )
	=	-529.13	/	2914.922
	=	-18.15 %

Aker Horizons ASA'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	79.436	/	( ( (3088.344 - 1624.708)	+	(2581.379 - 222.856) )	/ 2 )
	=	79.436	/	( ( 1463.636	+	2358.523 )	/ 2 )
	=	79.436	/	1911.0795
	=	4.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Aker Horizons ASA (OTCPK:AKHOF) 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.

Aker Horizons ASA ROCE % Related Terms

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Aker Horizons ASA (Aker Horizons ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aker Horizons ASA (OTCPK:AKHOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AKHo_NO:Sweden AKH:Norway 7QF:Germany

Address

Oksenoyveien 8, Lysaker, NOR, NO-1366

Website

https://www.akerhorizons.com

Aker Horizons ASA is an investment management company. It invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promoting sustainable living. The company's reportable segments are Aker Carbon Capture (ACC), Asset Development (AAD), Mainstream Renewable Power (Mainstream), Aker Horizons and holdings, and Others.