Norbit ASA (FRA:4NK) ROCE % : 36.07% (As of Dec. 2024)

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What is Norbit ASA 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. Norbit ASA's annualized ROCE % for the quarter that ended in Dec. 2024 was 36.07%.

Norbit ASA ROCE % Historical Data

The historical data trend for Norbit ASA'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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Norbit ASA ROCE % Chart

Norbit ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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7.50

12.85

18.48

31.03

25.62

Norbit ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															27.25	16.80	43.17	16.99	36.07

Norbit ASA ROCE % Calculation

Norbit ASA's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	29.381	/	( ( (130.074 - 46.166)	+	(185.997 - 40.582) )	/ 2 )
	=	29.381	/	( (83.908	+	145.415)	/ 2 )
	=	29.381	/	114.6615
	=	25.62 %

Norbit ASA's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	50.524	/	( ( (172.548 - 37.821)	+	(185.997 - 40.582) )	/ 2 )
	=	50.524	/	( ( 134.727	+	145.415 )	/ 2 )
	=	50.524	/	140.071
	=	36.07 %

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

Norbit ASA (FRA:4NK) 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.

Norbit ASA ROCE % Related Terms

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Norbit ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Norbit ASA (FRA:4NK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NORBITo:Sweden NORBT:Norway 4NK:Germany

Address

Stiklestadveien 1, Trondheim, NOR, NO-7041

Website

https://www.norbit.com

Norbit ASA is l provider of tailored technology to selected applications by solving challenges through solutions. It operates in three segments namely, the Oceans segment which delivers tailored technology and solutions to the maritime markets, Connectivity (ITS) segment which offers tailored connectivity solutions based on short-range communication technology to intelligent traffic systems and truck applications, and The Product, Innovation & Realization (PIR) segment offers R&D services and contract manufacturing services to key customers. It has manufacturing facilities in Selbu and Roros. It derives maximum revenue from Oceans Segment.

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