Relevance Communication Nordic (NGM:RLVNC) ROCE % : -17.54% (As of Mar. 2024)

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What is Relevance Communication Nordic 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. Relevance Communication Nordic's annualized ROCE % for the quarter that ended in Mar. 2024 was -17.54%.

Relevance Communication Nordic ROCE % Historical Data

The historical data trend for Relevance Communication Nordic'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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Relevance Communication Nordic ROCE % Chart

Relevance Communication Nordic Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-80.33

-27.65

3.56

-53.72

-22.74

Relevance Communication Nordic 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															-80.37	-68.80	-61.62	-57.56	-17.54

Relevance Communication Nordic ROCE % Calculation

Relevance Communication Nordic'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 )
	=	-3.853	/	( ( (5.978 - 2.883)	+	(38.466 - 7.676) )	/ 2 )
	=	-3.853	/	( (3.095	+	30.79)	/ 2 )
	=	-3.853	/	16.9425
	=	-22.74 %

Relevance Communication Nordic'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 )
	=	-5	/	( ( (38.466 - 7.676)	+	(34.461 - 8.232) )	/ 2 )
	=	-5	/	( ( 30.79	+	26.229 )	/ 2 )
	=	-5	/	28.5095
	=	-17.54 %

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

Relevance Communication Nordic (NGM:RLVNC) 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.

Relevance Communication Nordic ROCE % Related Terms

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Relevance Communication Nordic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Relevance Communication Nordic (NGM:RLVNC) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Drottninggatan 32, Stockholm, SWE

Website

https://www.relevancecom.se

Relevance Communication Nordic is a media company.

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