Nordic Semiconductor ASA (LTS:0FF9) ROCE % : -18.37% (As of Mar. 2024)

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What is Nordic Semiconductor 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. Nordic Semiconductor ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was -18.37%.

Nordic Semiconductor ASA ROCE % Historical Data

The historical data trend for Nordic Semiconductor 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.

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Nordic Semiconductor ASA ROCE % Chart

Nordic Semiconductor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.65

12.75

19.93

32.61

2.20

Nordic Semiconductor ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.09	11.44	1.31	-4.76	-18.37

Nordic Semiconductor ASA ROCE % Calculation

Nordic Semiconductor ASA'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 )
	=	151.932	/	( ( (7669.339 - 1750.359)	+	(9096.167 - 1204.225) )	/ 2 )
	=	151.932	/	( (5918.98	+	7891.942)	/ 2 )
	=	151.932	/	6905.461
	=	2.20 %

Nordic Semiconductor ASA's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1421.468	/	( ( (9096.167 - 1204.225)	+	(8703.174 - 1118.165) )	/ 2 )
	=	-1421.468	/	( ( 7891.942	+	7585.009 )	/ 2 )
	=	-1421.468	/	7738.4755
	=	-18.37 %

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

Nordic Semiconductor ASA (LTS:0FF9) 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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Nordic Semiconductor ASA (LTS:0FF9) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nordic Semiconductor ASA (LTS:0FF9) » Definitions » ROCE %

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NRSDY:USA NDCVF:USA NODO:Sweden NOD:Norway N0S:Germany

Address

Otto Nielsens veg 12, Trondheim, NOR, 7052

Website

https://www.nordicsemi.com

Nordic Semiconductor has a leading market share in the design of Bluetooth Low Energy chips for the wireless industry, making 90% of its revenue from this technology. Nordic's chips are used in all types of battery-powered devices such as wearables, smarthome applications, asset trackers, and industrial and healthcare markets. In recent years Nordic has also expanded into adjacent technologies such as Wi-Fi, thread protocol, and long-range connectivity. In 2022 Nordic generated almost $800 million in revenue.

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