Marel hf (OISE:MAREL) ROCE % : 2.30% (As of Mar. 2024)

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What is Marel 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. Marel hf's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.30%.

Marel hf ROCE % Historical Data

The historical data trend for Marel 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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Marel hf ROCE % Chart

Marel hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.17

10.63

8.91

5.58

4.54

Marel 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															4.72	3.86	5.95	4.19	2.30

Marel hf ROCE % Calculation

Marel 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 )
	=	13081.89	/	( ( (394759.353 - 117575.744)	+	(391823.706 - 92251.439) )	/ 2 )
	=	13081.89	/	( (277183.609	+	299572.267)	/ 2 )
	=	13081.89	/	288377.938
	=	4.54 %

Marel 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 )
	=	6850.104	/	( ( (391823.706 - 92251.439)	+	(384867.645 - 89276.675) )	/ 2 )
	=	6850.104	/	( ( 299572.267	+	295590.97 )	/ 2 )
	=	6850.104	/	297581.6185
	=	2.30 %

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

Marel hf (OISE:MAREL) 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.

Marel hf ROCE % Related Terms

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Marel hf (OISE:MAREL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marel hf (OISE:MAREL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MRRLF:USA MAREL:Netherlands MARELa:UK

Address

Austurhraun 9, Gardabaer, ISL, 210

Website

https://www.marel.com

Marel hf is an Iceland-based company that acts as a provider of equipment, systems and services for the poultry, fish, meat and further processing industries and is involved in the manufacturing, development, distribution and sales of solutions for these industries. The company offers systems for processing broilers, turkeys and ducks, equipment and systems for salmon and whitefish processing, both farmed and wild, onboard and ashore. In addition, it also focuses on deboning and trimming, case ready foodservice and bacon processing. The firm also provides products for portioning, coating, heat treatment and sausage making. It organizes its business in four divisions; poultry, fish, meat, and others.

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