NNIT AS (OCSE:NNIT) ROCE % : -3.82% (As of Dec. 2024)

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What is NNIT AS 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. NNIT AS's annualized ROCE % for the quarter that ended in Dec. 2024 was -3.82%.

NNIT AS ROCE % Historical Data

The historical data trend for NNIT AS'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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NNIT AS ROCE % Chart

NNIT AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.20

-12.87

-20.76

4.77

3.33

NNIT AS Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-19.67	0.81	8.72	10.38	-3.82

NNIT AS ROCE % Calculation

NNIT AS's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	39	/	( ( (1977 - 815)	+	(1707 - 527) )	/ 2 )
	=	39	/	( (1162	+	1180)	/ 2 )
	=	39	/	1171
	=	3.33 %

NNIT AS's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-46	/	( ( (1903 - 676)	+	(1707 - 527) )	/ 2 )
	=	-46	/	( ( 1227	+	1180 )	/ 2 )
	=	-46	/	1203.5
	=	-3.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

NNIT AS (OCSE:NNIT) 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.

NNIT AS ROCE % Related Terms

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NNIT AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NNIT AS (OCSE:NNIT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0R5Z:UK 5NN:Germany

Address

Oestmarken 3A, Soeborg, DNK, 2860

Website

https://www.nnit.com

NNIT AS is a Denmark-based company that offers consultancy services in IT (Information Technology) development, implementation, and operations. The services provided by the company include advising, building, implementing, managing, and supporting IT solutions and operating IT systems for customers. The company's reporting segment comprises of Region Denmark; Region Europe; Region US, and Region Asia out of which Region Denmark derives the majority of revenue.

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