Norwegian Air Shuttle ASA (FRA:NWC) ROCE % : 1.03% (As of Dec. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Norwegian Air Shuttle 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. Norwegian Air Shuttle ASA's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.03%.

Norwegian Air Shuttle ASA ROCE % Historical Data

The historical data trend for Norwegian Air Shuttle 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.

* Premium members only.

Norwegian Air Shuttle ASA ROCE % Chart

Norwegian Air Shuttle ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

Get a 7-Day Free Trial

-63.92

56.99

12.03

13.91

10.71

Norwegian Air Shuttle ASA Quarterly Data
	Dec19	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															8.44	-10.98	12.75	37.89	1.03

Norwegian Air Shuttle ASA ROCE % Calculation

Norwegian Air Shuttle 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 )
	=	211.965	/	( ( (2655.54 - 778.886)	+	(3200.251 - 1117.14) )	/ 2 )
	=	211.965	/	( (1876.654	+	2083.111)	/ 2 )
	=	211.965	/	1979.8825
	=	10.71 %

Norwegian Air Shuttle 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 )
	=	20.836	/	( ( (3182.008 - 1209.479)	+	(3200.251 - 1117.14) )	/ 2 )
	=	20.836	/	( ( 1972.529	+	2083.111 )	/ 2 )
	=	20.836	/	2027.82
	=	1.03 %

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

Norwegian Air Shuttle ASA (FRA:NWC) 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.

Norwegian Air Shuttle ASA ROCE % Related Terms

Thank you for viewing the detailed overview of Norwegian Air Shuttle ASA's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Norwegian Air Shuttle ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norwegian Air Shuttle ASA (FRA:NWC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NWARF:USA NASo:Sweden NAS:Norway NASo:UK 0FGH:UK

Address

Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366

Website

https://www.norwegian.com

Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to major destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Marketing & Customer, Operations, and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.

Norwegian Air Shuttle ASA Headlines

No Headlines