Norva24 Group AB (FRA:WG0) ROCE % : 9.77% (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Norva24 Group AB 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. Norva24 Group AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.77%.

Norva24 Group AB ROCE % Historical Data

The historical data trend for Norva24 Group AB'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.

Norva24 Group AB ROCE % Chart

Norva24 Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

10.62

11.41

8.28

8.85

9.37

Norva24 Group AB Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														13.25	5.34	6.76	11.13	9.77

Norva24 Group AB ROCE % Calculation

Norva24 Group AB'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 )
	=	27.033	/	( ( (344.709 - 63.175)	+	(365.639 - 70.165) )	/ 2 )
	=	27.033	/	( (281.534	+	295.474)	/ 2 )
	=	27.033	/	288.504
	=	9.37 %

Norva24 Group AB'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 )
	=	33.588	/	( ( (423.456 - 82.622)	+	(428.752 - 81.952) )	/ 2 )
	=	33.588	/	( ( 340.834	+	346.8 )	/ 2 )
	=	33.588	/	343.817
	=	9.77 %

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

Norva24 Group AB (FRA:WG0) 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.

Norva24 Group AB ROCE % Related Terms

Thank you for viewing the detailed overview of Norva24 Group AB's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Norva24 Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Norva24 Group AB (FRA:WG0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NORVA:Sweden

Address

Grandevegen 13, Stryn, NOR, 6783

Website

https://www.norva24.com

Norva24 Group AB is an underground infrastructure maintenance specialist. The company's service offering includes mission-critical and non-discretionary maintenance services for underground infrastructure, such as pressure washing, emptying services, and pipe services. The geographical segments of the company include Norway; Germany; Sweden and Denmark. The company derives a majority of its revenue from Germany.

Norva24 Group AB Headlines

No Headlines