Nowonomics AB (NGM:NOWO.TO2) ROCE % : -349.63% (As of Sep. 2023)

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What is Nowonomics 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. Nowonomics AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -349.63%.

Nowonomics AB ROCE % Historical Data

The historical data trend for Nowonomics 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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Nowonomics AB ROCE % Chart

Nowonomics AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-161.72

-147.82

-194.36

-181.94

Nowonomics AB Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial								-33.94	-111.20	-178.29	-222.32	-349.63

Nowonomics AB ROCE % Calculation

Nowonomics AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-29.734	/	( ( (18.172 - 5.584)	+	(47.435 - 27.337) )	/ 2 )
	=	-29.734	/	( (12.588	+	20.098)	/ 2 )
	=	-29.734	/	16.343
	=	-181.94 %

Nowonomics AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-27.988	/	( ( (29.423 - 17.215)	+	(30.85 - 27.048) )	/ 2 )
	=	-27.988	/	( ( 12.208	+	3.802 )	/ 2 )
	=	-27.988	/	8.005
	=	-349.63 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Nowonomics AB (NGM:NOWO.TO2) 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.

Nowonomics AB ROCE % Related Terms

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Nowonomics AB (NGM:NOWO.TO2) Business Description

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NOWO:Sweden

Address

Artillerigatan 42, Stockholm, SWE, 114 45

Website

https://www.nowo.se

Nowonomics AB is a savings platform whose purpose is to help you as a user to get a better personal finances. It aims to promote savings before retirement and therefore develops its own tools and solutions together with partners to simplify, educate and help members to have a better financial situation.

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