Nokia Oyj (MIL:1NOKIA) ROCE % : 3.50% (As of Sep. 2024)

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What is Nokia Oyj 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. Nokia Oyj's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.50%.

Nokia Oyj ROCE % Historical Data

The historical data trend for Nokia Oyj'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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Nokia Oyj ROCE % Chart

Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.78

3.83

8.14

8.28

6.28

Nokia Oyj Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.23	10.01	5.53	6.07	3.50

Nokia Oyj ROCE % Calculation

Nokia Oyj'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 )
	=	1857	/	( ( (42943 - 12774)	+	(39860 - 10933) )	/ 2 )
	=	1857	/	( (30169	+	28927)	/ 2 )
	=	1857	/	29548
	=	6.28 %

Nokia Oyj'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 )
	=	984	/	( ( (38859 - 10710)	+	(0 - 0) )	/ 1 )
	=	984	/	( ( 28149	+	0 )	/ 1 )
	=	984	/	28149
	=	3.50 %

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

Nokia Oyj (MIL:1NOKIA) 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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Nokia Oyj Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (MIL:1NOKIA) » Definitions » ROCE %

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NOKBF:USA NOK:USA NOKIA SEK:Sweden NOK N:Mexico NOKIAh:UK 0HAF:UK NOKIA:France NOKIA:Finland NOA3:Germany NOAA:Germany NOA3:Germany NOA3:Germany NOAA:Germany NOA3:Germany NOKIA:Czech Republic NOKI34:Brazil NOA3:Bulgaria NOKI:Austria NOK:Argentina

Address

Karakaari 7, Espoo, FIN, FI-02610

Website

https://www.nokia.com

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.

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