Nischer Properties AB (NGM:NIS) ROCE % : 0.40% (As of Jun. 2024)

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What is Nischer Properties 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. Nischer Properties AB's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.40%.

Nischer Properties AB ROCE % Historical Data

The historical data trend for Nischer Properties 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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Nischer Properties AB ROCE % Chart

Nischer Properties AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.94

19.90

53.78

-34.77

-45.99

Nischer Properties AB Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-4.54	-1.36	-217.74	0.71	0.40

Nischer Properties AB ROCE % Calculation

Nischer Properties 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 )
	=	-138.364	/	( ( (386.668 - 56.674)	+	(301.07 - 29.293) )	/ 2 )
	=	-138.364	/	( (329.994	+	271.777)	/ 2 )
	=	-138.364	/	300.8855
	=	-45.99 %

Nischer Properties AB's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	1.036	/	( ( (290.698 - 26.627)	+	(274.349 - 22.806) )	/ 2 )
	=	1.036	/	( ( 264.071	+	251.543 )	/ 2 )
	=	1.036	/	257.807
	=	0.40 %

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

Nischer Properties AB (NGM:NIS) 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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Nischer Properties AB Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Upplandsgatan 14, Stockholm, SWE, 111 23

Website

https://www.nischer.se

Nischer Properties AB is a property development company focusing on niche concept housing in major and university cities. The company offers concept housing such as Start Living, Competence Living, Family Living, Grand Living and Care Living.

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