GN Store Nord AS (FRA:GNN) ROCE % : 11.19% (As of Sep. 2024)

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What is GN Store Nord 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. GN Store Nord AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.19%.

GN Store Nord AS ROCE % Historical Data

The historical data trend for GN Store Nord 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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GN Store Nord AS ROCE % Chart

GN Store Nord AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.65

14.40

16.26

5.02

3.95

GN Store Nord 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															6.92	0.86	12.14	7.24	11.19

GN Store Nord AS ROCE % Calculation

GN Store Nord 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 )
	=	89.757	/	( ( (4111.694 - 1577.254)	+	(4111.125 - 2098.63) )	/ 2 )
	=	89.757	/	( (2534.44	+	2012.495)	/ 2 )
	=	89.757	/	2273.4675
	=	3.95 %

GN Store Nord 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 )
	=	246.24	/	( ( (3986.463 - 1758.154)	+	(3967.726 - 1795.428) )	/ 2 )
	=	246.24	/	( ( 2228.309	+	2172.298 )	/ 2 )
	=	246.24	/	2200.3035
	=	11.19 %

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

GN Store Nord AS (FRA:GNN) 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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GN Store Nord AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GN Store Nord AS (FRA:GNN) » Definitions » ROCE %

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GNNDY:USA GGNDF:USA GNc:UK 0K9P:UK GN:Denmark

Address

Lautrupbjerg 7, Ballerup, DNK, 2750

Website

https://www.gn.com

GN Store Nord is a Danish company offering medical and audio solutions. The group consists of two businesses: audio (about 62% of sales) and hearing (38%). GN Hearing offers hearing aids, competing globally with Sonova, Demant, Starkey, and WS Audiology (previously Sivantos and Widex). GN Audio provides headsets and speakerphones to the enterprise market (contact centers and offices), as well as to the consumer market, and recently acquired SteelSeries in the gaming market. The company has positioned itself as one of the main players in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing and Jabra in headsets.

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