Hagar hf (OISE:HAGA) ROCE % : 17.25% (As of Feb. 2024)

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What is Hagar hf 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. Hagar hf's annualized ROCE % for the quarter that ended in Feb. 2024 was 17.25%.

Hagar hf ROCE % Historical Data

The historical data trend for Hagar hf'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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Hagar hf ROCE % Chart

Hagar hf Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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13.52

10.09

14.13

16.88

17.82

Hagar hf Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															11.32	11.60	26.11	16.80	17.25

Hagar hf ROCE % Calculation

Hagar hf's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	8940	/	( ( (72007 - 22975)	+	(77214 - 25887) )	/ 2 )
	=	8940	/	( (49032	+	51327)	/ 2 )
	=	8940	/	50179.5
	=	17.82 %

Hagar hf's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	8712	/	( ( (76515 - 26810)	+	(77214 - 25887) )	/ 2 )
	=	8712	/	( ( 49705	+	51327 )	/ 2 )
	=	8712	/	50516
	=	17.25 %

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

Hagar hf (OISE:HAGA) 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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Hagar hf (OISE:HAGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Hagar hf (OISE:HAGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hagasmari 1, Kopavogur, ISL, 201

Website

http://www.hagar.is

Hagar hf is a retail company located in Iceland. The company with its subsidiaries operate stores within retail chains as well as warehouses. It also operates specialty product division within Hagkaup grocery retailer and several specialty stores offering lifestyle and retail brands. The firm mainly operates in grocery sector and owns Hagkaup and Bonus grocery retailers and also support service companies in the fields of purchasing and distribution.

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