Nordson (Nordson) ROCE % : 13.68% (As of Jan. 2024)

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What is Nordson 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. Nordson's annualized ROCE % for the quarter that ended in Jan. 2024 was 13.68%.

Nordson ROCE % Historical Data

The historical data trend for Nordson'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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Nordson ROCE % Chart

Nordson Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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15.66

10.51

18.02

21.22

17.63

Nordson Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															17.71	20.75	20.28	17.99	13.68

Nordson ROCE % Calculation

Nordson's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	674.844	/	( ( (3820.375 - 834.203)	+	(5251.77 - 582.089) )	/ 2 )
	=	674.844	/	( (2986.172	+	4669.681)	/ 2 )
	=	674.844	/	3827.9265
	=	17.63 %

Nordson's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	640.564	/	( ( (5251.77 - 582.089)	+	(5247.077 - 551.68) )	/ 2 )
	=	640.564	/	( ( 4669.681	+	4695.397 )	/ 2 )
	=	640.564	/	4682.539
	=	13.68 %

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

Nordson (NAS:NDSN) 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.

Nordson ROCE % Related Terms

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Nordson (Nordson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordson Corp (NAS:NDSN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ND1:Germany

Address

28601 Clemens Road, Westlake, OH, USA, 44145

Website

https://www.nordson.com

Nordson is a manufacturer of equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers, among other equipment) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets including packaging, medical, electronics, and industrial. Nordson's business is organized into three segments: industrial precision solutions, medical and fluid solutions, and advanced technology solutions. The company generated approximately $2.6 billion in revenue in its fiscal 2023.

Executives

Srinivas Subramanian	officer: Executive Vice President	28601 CLEMENS ROAD, WESTLAKE OH 44145
Stephen Lovass	officer: Executive Vice President	C/O NORDSON CORPORATION, 28601 CLEMENS ROAD, WESTLAKE X1 44145
Joseph P Kelley	officer: EVP and CFO	6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Stephen F Shamrock	officer: Interim CFO	28601 CLEMENS ROAD, WESTLAKE OH 44145
Mary G Puma	director	AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Jeffrey A Pembroke	officer: Executive Vice President	C/O NORDSON CORPORATION, 28601 CLEMENS ROAD, WESTLAKE OH 44145
Sarah Siddiqui	officer: EVP, CHRO	C/O NORDSON CORPORATION, 28601 CLEMENS ROAD, WESTLAKE OH 44145
Shelly Peet	officer: Executive Vice President	28601 CLEMENS ROAD, WESTLAKE OH 44145
Sundaram Nagarajan	director, officer: President and CEO	28601 CLEMENS ROAD, WESTLAKE OH 44145
Jennifer L Mcdonough	officer: EVP, GC, and Secretary	C/O NORDSON CORPORATION, 28601 CLEMENS ROAD, WESTLAKE OH 44145
Michael J Merriman	director	C/O RC2 CORPORATION, 1111 WEST 22ND STREET, SUITE 320, OAK BROOK IL 60523
Richey Victor L Jr	director	C/O ESCO TECHNOLOGIES, 9900 A CLAYTON ROAD, ST. LOUIS MO 63124
Frank M Jaehnert	director	C/O ITRON, INC., 2111 N MOLTER ROAD, LIBERTY LAKE WA 99019
Ginger M Jones	director	55 JEWELERS PARK DRIVE, NEENAH WI 54956
Jennifer A Parmentier	director	6035 PARKLAND BLVD, CLEVELAND OH 44124