Iceland Seafood International hf (OISE:ICESEA) ROCE % : 10.50% (As of Mar. 2024)

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What is Iceland Seafood International 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. Iceland Seafood International hf's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.50%.

Iceland Seafood International hf ROCE % Historical Data

The historical data trend for Iceland Seafood International 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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Iceland Seafood International hf ROCE % Chart

Iceland Seafood International hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.38

5.91

17.61

11.22

5.18

Iceland Seafood International hf Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.39	-3.58	-0.06	17.24	10.50

Iceland Seafood International hf ROCE % Calculation

Iceland Seafood International hf'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 )
	=	910.584	/	( ( (42626.156 - 25253.648)	+	(38509.922 - 20714.011) )	/ 2 )
	=	910.584	/	( (17372.508	+	17795.911)	/ 2 )
	=	910.584	/	17584.2095
	=	5.18 %

Iceland Seafood International hf's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1859.52	/	( ( (38509.922 - 20714.011)	+	(41037.594 - 23420.377) )	/ 2 )
	=	1859.52	/	( ( 17795.911	+	17617.217 )	/ 2 )
	=	1859.52	/	17706.564
	=	10.50 %

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

Iceland Seafood International hf (OISE:ICESEA) 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.

Iceland Seafood International hf ROCE % Related Terms

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Iceland Seafood International hf (OISE:ICESEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Iceland Seafood International hf (OISE:ICESEA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kollunarklettsvegur 2, Reykjavik, ISL, 104

Website

http://www.icelandseafood.com

Iceland Seafood International hf is engaged in the sale, processing, and marketing of frozen, salted, and fresh seafood. The company's operating segment includes Value-added Southern Europe; Value added Northern Europe; Sales and Distribution and Other. It generates maximum revenue from the Value-added Southern Europe segment.

Iceland Seafood International hf (OISE:ICESEA) Headlines

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