Norconsult ASA (OSL:NORCO) ROCE % : 11.75% (As of Dec. 2023)

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What is Norconsult ASA 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. Norconsult ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.75%.

Norconsult ASA ROCE % Historical Data

The historical data trend for Norconsult ASA'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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Norconsult ASA ROCE % Chart

Norconsult ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

26.39

26.10

20.14

18.17

20.65

Norconsult ASA Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	24.03	12.40	27.72	11.75

Norconsult ASA ROCE % Calculation

Norconsult ASA'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 )
	=	717	/	( ( (6278 - 2697)	+	(6347 - 2984) )	/ 2 )
	=	717	/	( (3581	+	3363)	/ 2 )
	=	717	/	3472
	=	20.65 %

Norconsult ASA's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	418	/	( ( (6660 - 2910)	+	(6347 - 2984) )	/ 2 )
	=	418	/	( ( 3750	+	3363 )	/ 2 )
	=	418	/	3556.5
	=	11.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Norconsult ASA (OSL:NORCO) 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.

Norconsult ASA ROCE % Related Terms

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Norconsult ASA (OSL:NORCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Norconsult ASA (OSL:NORCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NORCOo:UK

Address

Vestfjordgaten 4, Sandvika, NOR, 1338

Website

https://www.norconsult.com

Norconsult ASA is principally engaged in the provision of planning and consultancy services for all phases of social planning, engineering design and architecture projects. The Group also develops and distributes complete IT solutions for project, building and facility management for infrastructure and property.

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