PRFoods AS (OTSE:PRF1T) ROCE % : -0.41% (As of Dec. 2023)

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What is PRFoods 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. PRFoods AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.41%.

PRFoods AS ROCE % Historical Data

The historical data trend for PRFoods 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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PRFoods AS ROCE % Chart

PRFoods AS Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-1.46

-2.19

-10.35

-21.01

6.07

PRFoods AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.71	-3.84	36.24	-6.40	-0.41

PRFoods AS ROCE % Calculation

PRFoods AS's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	1.607	/	( ( (38.917 - 11.072)	+	(30.246 - 5.146) )	/ 2 )
	=	1.607	/	( (27.845	+	25.1)	/ 2 )
	=	1.607	/	26.4725
	=	6.07 %

PRFoods AS'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.096	/	( ( (29.267 - 4.774)	+	(28.574 - 5.852) )	/ 2 )
	=	-0.096	/	( ( 24.493	+	22.722 )	/ 2 )
	=	-0.096	/	23.6075
	=	-0.41 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

PRFoods AS (OTSE:PRF1T) 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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PRFoods AS (OTSE:PRF1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PRFoods AS (OTSE:PRF1T) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parnu mnt 141, Delta Plaza, 14th Floor, Tallinn, EST, 11314

Website

http://www.prfoods.ee

PRFoods AS is engaged in farming, production, and sales of fish and fish products. It has two business segments the fish segment and other segments. The company monitors two geographical segments namely Finland, Sweden and Estonia, and the United Kingdom. It derives a majority of revenue from Finland, Sweden, Estonia segment. The company's product segment includes Hot and cold smoked fish; Fresh fish and fillets; and Other fish products.

PRFoods AS (OTSE:PRF1T) Headlines

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