Nordrest Holding AB (FRA:XZ5) ROCE % : 58.82% (As of Sep. 2024)

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What is Nordrest Holding 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. Nordrest Holding AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 58.82%.

Nordrest Holding AB ROCE % Historical Data

The historical data trend for Nordrest Holding 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.

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Nordrest Holding AB ROCE % Chart

Nordrest Holding AB Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

44.00

86.80

109.77

Nordrest Holding AB Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial				-	82.79	92.59	95.64	58.82

Nordrest Holding AB ROCE % Calculation

Nordrest Holding 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 )
	=	14.134	/	( ( (36.765 - 29.372)	+	(49.369 - 31.009) )	/ 2 )
	=	14.134	/	( (7.393	+	18.36)	/ 2 )
	=	14.134	/	12.8765
	=	109.77 %

Nordrest Holding 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 )
	=	12.376	/	( ( (55.793 - 35.692)	+	(54.789 - 32.809) )	/ 2 )
	=	12.376	/	( ( 20.101	+	21.98 )	/ 2 )
	=	12.376	/	21.0405
	=	58.82 %

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

Nordrest Holding AB (FRA:XZ5) 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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Nordrest Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nordrest Holding AB (FRA:XZ5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NREST:Sweden

Address

Evenemangsgatan 31, Solna, NOR, 16979

Website

https://www.nordrest.se

Nordrest Holding AB is a restaurant group with a focus on natural guest flows and contract-based meal solutions. Its offer includes meal solutions adapted to each customer's needs and ready-made brand concepts such as Taste by Nordrest, Togo by Nordrest, Pocket by Nordrest, La Girafe, Dinners and Way Cup. The company operates within the customer groups Defence, Companies, Schools, Colleges & Universities, Hospitals & Elderly Care and Travel.

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