NKT AS (FRA:NKT) ROCE % : -16.21% (As of Dec. 2024)

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What is NKT 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. NKT AS's annualized ROCE % for the quarter that ended in Dec. 2024 was -16.21%.

NKT AS ROCE % Historical Data

The historical data trend for NKT 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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NKT AS ROCE % Chart

NKT AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-3.85

1.85

5.92

8.68

10.29

NKT AS 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															-28.34	23.40	26.58	25.81	-16.21

NKT AS ROCE % Calculation

NKT AS'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 )
	=	282	/	( ( (3604 - 1374)	+	(4859 - 1607) )	/ 2 )
	=	282	/	( (2230	+	3252)	/ 2 )
	=	282	/	2741
	=	10.29 %

NKT AS'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 )
	=	-440	/	( ( (4486 - 2309)	+	(4859 - 1607) )	/ 2 )
	=	-440	/	( ( 2177	+	3252 )	/ 2 )
	=	-440	/	2714.5
	=	-16.21 %

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

NKT AS (FRA:NKT) 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.

NKT AS ROCE % Related Terms

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NKT AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NKT AS (FRA:NKT) » Definitions » ROCE %

Traded in Other Exchanges

NKTc:UK 0MGC:UK NKT:Denmark NKT:Germany

Address

Vibeholms Alle 20, Broendby, DNK, 2605

Website

https://www.nkt.com

NKT AS is a Denmark-based holding company that acquires, owns, and manages industrial companies in three business areas: Solutions, Applications, and Service and Accessories. NKT provides cables for power infrastructure, including onshore and offshore power transmission system, and its solutions bring power to interconnections, hydro-electric, and nuclear power plants, including onshore and offshore wind farms, oil and gas platforms, and solar energy. NKT Photonics, a supplier of fiber lasers and photonic crystal fibers. Geographically, the company operates and derives its majority revenue from mainland Europe, but it's also expanding its business to the U.S., China, and the U.K.

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