Netcompany Group AS (CHIX:NETCC) ROCE % : 14.33% (As of Sep. 2024)

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What is Netcompany Group 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. Netcompany Group AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.33%.

Netcompany Group AS ROCE % Historical Data

The historical data trend for Netcompany Group 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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Netcompany Group AS ROCE % Chart

Netcompany Group AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.61

14.04

16.23

14.11

9.12

Netcompany Group AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.53	10.44	10.58	12.20	14.33

Netcompany Group AS ROCE % Calculation

Netcompany Group 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 )
	=	546.1	/	( ( (7193.9 - 1489.4)	+	(8159.8 - 1893.1) )	/ 2 )
	=	546.1	/	( (5704.5	+	6266.7)	/ 2 )
	=	546.1	/	5985.6
	=	9.12 %

Netcompany Group AS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	881.6	/	( ( (8221.2 - 2043.8)	+	(8008.3 - 1885.5) )	/ 2 )
	=	881.6	/	( ( 6177.4	+	6122.8 )	/ 2 )
	=	881.6	/	6150.1
	=	14.33 %

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

Netcompany Group AS (CHIX:NETCc) 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.

Netcompany Group AS ROCE % Related Terms

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Netcompany Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Netcompany Group AS (CHIX:NETCc) » Definitions » ROCE %

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Traded in Other Exchanges

0YH9:UK NETC:Denmark 60N:Germany 60N:Germany

Address

Strandgade 3, Copenhagen, DNK, 1401

Website

https://www.netcompany.com

Netcompany Group AS is an information technology company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. Its products include software solutions and digital platforms such as Pulse, Easley AI and Solon Tax among others. It generates maximum revenue from the Public segment. The company serves enterprises from Finance; Government; Manufacturing and engineering; Municipalities; Retail and trade; Service companies; Telecommunication and media; Energy and Utilities and other industries. Geographically, it derives a majority of its revenue from Denmark and also has its presence in United Kingdom, Belgium, Greece, Netherlands and other regions.

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