Nordic Aqua Partners AS (OSL:NOAP) ROCE % : 3.25% (As of Mar. 2024)

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What is Nordic Aqua Partners AS 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. Nordic Aqua Partners AS's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.25%.

Nordic Aqua Partners AS ROCE % Historical Data

The historical data trend for Nordic Aqua Partners AS'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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Nordic Aqua Partners AS ROCE % Chart

Nordic Aqua Partners AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-50.61

-8.87

-5.49

-9.60

-9.53

Nordic Aqua Partners AS Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-9.18	-16.03	3.65	-13.46	3.25

Nordic Aqua Partners AS ROCE % Calculation

Nordic Aqua Partners AS'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 )
	=	-77.734	/	( ( (541.867 - 36.893)	+	(1168.66 - 42.842) )	/ 2 )
	=	-77.734	/	( (504.974	+	1125.818)	/ 2 )
	=	-77.734	/	815.396
	=	-9.53 %

Nordic Aqua Partners AS'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 )
	=	38.34	/	( ( (1168.66 - 42.842)	+	(1305.3 - 69.821) )	/ 2 )
	=	38.34	/	( ( 1125.818	+	1235.479 )	/ 2 )
	=	38.34	/	1180.6485
	=	3.25 %

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

Nordic Aqua Partners AS (OSL:NOAP) 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.

Nordic Aqua Partners AS ROCE % Related Terms

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Nordic Aqua Partners AS (OSL:NOAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nordic Aqua Partners AS (OSL:NOAP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

22L:Germany

Address

Hundegade 1, Ribe, DNK, 6760

Website

https://www.nordicaquapartners.com

Nordic Aqua Partners AS operates in the seafood industry. The company focuses on delivering live and locally farmed Atlantic salmon direct to the Chinese consumer. The company's main activity is investments in breeding systems for fish and shellfish as well as installing and operating these systems.

Nordic Aqua Partners AS (OSL:NOAP) Headlines

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