Nivika Fastigheter AB (FRA:Y5R) ROCE % : 3.64% (As of Feb. 2024)

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What is Nivika Fastigheter AB 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. Nivika Fastigheter AB's annualized ROCE % for the quarter that ended in Feb. 2024 was 3.64%.

Nivika Fastigheter AB ROCE % Historical Data

The historical data trend for Nivika Fastigheter AB'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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Nivika Fastigheter AB ROCE % Chart

Nivika Fastigheter AB Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

7.54

8.86

3.48

10.17

-0.66

Nivika Fastigheter AB Quarterly Data
	Aug19	Aug20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial										3.13	3.25	-3.34	3.84	3.64

Nivika Fastigheter AB ROCE % Calculation

Nivika Fastigheter AB's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-6.411	/	( ( (1068.256 - 34.581)	+	(931.352 - 28.376) )	/ 2 )
	=	-6.411	/	( (1033.675	+	902.976)	/ 2 )
	=	-6.411	/	968.3255
	=	-0.66 %

Nivika Fastigheter AB's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	35.212	/	( ( (970.346 - 28.622)	+	(1013.978 - 23.526) )	/ 2 )
	=	35.212	/	( ( 941.724	+	990.452 )	/ 2 )
	=	35.212	/	966.088
	=	3.64 %

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

Nivika Fastigheter AB (FRA:Y5R) 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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Nivika Fastigheter AB (FRA:Y5R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nivika Fastigheter AB (FRA:Y5R) » Definitions » ROCE %

Traded in Other Exchanges

NIVI B:Sweden

Address

Ringvagen 38, Värnamo, SWE, 331 32

Website

https://www.nivika.se

Nivika Fastigheter AB is a real estate company. Its main objectives is owning, managing, and developing properties.

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