NIBE Industrier AB (XSWX:NIBEB) ROCE % : 13.82% (As of Dec. 2023)

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What is NIBE Industrier 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. NIBE Industrier AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.82%.

NIBE Industrier AB ROCE % Historical Data

The historical data trend for NIBE Industrier 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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NIBE Industrier AB ROCE % Chart

NIBE Industrier AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.45

13.26

13.95

15.01

15.12

NIBE Industrier AB 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															19.88	16.81	16.80	14.27	13.82

NIBE Industrier AB ROCE % Calculation

NIBE Industrier AB'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 )
	=	608.115	/	( ( (4846.869 - 1234.563)	+	(5741.727 - 1312.257) )	/ 2 )
	=	608.115	/	( (3612.306	+	4429.47)	/ 2 )
	=	608.115	/	4020.888
	=	15.12 %

NIBE Industrier AB'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 )
	=	617.812	/	( ( (5792.928 - 1283.241)	+	(5741.727 - 1312.257) )	/ 2 )
	=	617.812	/	( ( 4509.687	+	4429.47 )	/ 2 )
	=	617.812	/	4469.5785
	=	13.82 %

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

NIBE Industrier AB (XSWX:NIBEB) 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.

NIBE Industrier AB ROCE % Related Terms

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NIBE Industrier AB (XSWX:NIBEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NIBE Industrier AB (XSWX:NIBEB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NIABY:USA NDRBF:USA NIBE B:Sweden NIBEBs:UK 0RH0:UK NJB:Germany

Address

Hannabadsvagen 5, Box 14, Markaryd, SWE, SE- 285 21

Website

https://www.nibe.com

NIBE Industrier AB manufactures and sells energy-efficient products for industrial and consumer use. The firm is organized into three segments by product type. The climate solutions segment, which generates the majority of revenue, sells HVAC systems and hot water heaters to homes, apartment buildings, and other large properties. The elements segment sells components and elements to multiple industries, including appliance manufacturers, home remodelers, energy, and automotive. The stoves segment sells energy-efficient stoves and chimney systems to residential and commercial customers. The vast majority of revenue comes from Europe.

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