Nordic Unmanned ASA (FRA:8VH0) ROCE % : -5.57% (As of Sep. 2024)

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What is Nordic Unmanned 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. Nordic Unmanned ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.57%.

Nordic Unmanned ASA ROCE % Historical Data

The historical data trend for Nordic Unmanned 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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Nordic Unmanned ASA ROCE % Chart

Nordic Unmanned ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.15

-3.28

-28.57

-46.67

-45.82

Nordic Unmanned ASA 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															-16.22	-113.75	-50.85	-33.05	-5.57

Nordic Unmanned ASA ROCE % Calculation

Nordic Unmanned ASA'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 )
	=	-15.558	/	( ( (45.938 - 9.253)	+	(40.519 - 9.288) )	/ 2 )
	=	-15.558	/	( (36.685	+	31.231)	/ 2 )
	=	-15.558	/	33.958
	=	-45.82 %

Nordic Unmanned ASA'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 )
	=	-1.144	/	( ( (37.67 - 15.147)	+	(29.31 - 10.778) )	/ 2 )
	=	-1.144	/	( ( 22.523	+	18.532 )	/ 2 )
	=	-1.144	/	20.5275
	=	-5.57 %

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

Nordic Unmanned ASA (FRA:8VH0) 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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Nordic Unmanned ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Nordic Unmanned ASA (FRA:8VH0) » Definitions » ROCE %

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N/A

Address

Radhusgata 3, Sandnes, NOR, 4306

Website

https://www.nordicunmanned.com

Nordic Unmanned ASA is a provider of drone systems and services. The products help in emissions monitoring, oil spill monitoring, logistics and robotization, defence and security, power line inspection, and insurance inspections. Also, the company provides software solutions, spare parts, and consulting services. The group's business segments are as follows; Flight Services, AirRobot, and DroneMatrix. Maximum revenue is generated from its Flight Services segment which is a technology-agnostic flight services operator providing time-critical actionable data to large corporate and governmental customers. Geographically, the company generates maximum revenue from Estonia and the rest from Spain, Great Britain, Germany, Norway, and other countries.

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