Norse Atlantic ASA (OSL:NORSE) ROCE % : -25.81% (As of Mar. 2024)

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What is Norse Atlantic 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. Norse Atlantic ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was -25.81%.

Norse Atlantic ASA ROCE % Historical Data

The historical data trend for Norse Atlantic 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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Norse Atlantic ASA ROCE % Chart

Norse Atlantic ASA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-3.15

-24.13

-15.11

Norse Atlantic ASA Quarterly Data
	Feb20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-27.49	-11.77	4.72	-25.86	-25.81

Norse Atlantic ASA ROCE % Calculation

Norse Atlantic 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 )
	=	-1426.522	/	( ( (10771.68 - 1071.21)	+	(11426.435 - 2244.627) )	/ 2 )
	=	-1426.522	/	( (9700.47	+	9181.808)	/ 2 )
	=	-1426.522	/	9441.139
	=	-15.11 %

Norse Atlantic ASA'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 )
	=	-2277.484	/	( ( (11426.435 - 2244.627)	+	(11771.228 - 3306.391) )	/ 2 )
	=	-2277.484	/	( ( 9181.808	+	8464.837 )	/ 2 )
	=	-2277.484	/	8823.3225
	=	-25.81 %

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

Norse Atlantic ASA (OSL:NORSE) 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.

Norse Atlantic ASA ROCE % Related Terms

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Norse Atlantic ASA (OSL:NORSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norse Atlantic ASA (OSL:NORSE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NRSAF:USA 9LG0:Germany

Address

Floyveien 14, Arendal, NOR, 4838

Website

https://www.flynorse.com

Norse Atlantic ASA is a new innovative airline serving the low-cost, intercontinental market between popular European and The USA destinations with a fleet of modern, fuel-efficient, and more environmentally friendly Boeing 787 Dreamliners. Geographically, the company operates in Norway. United Kingdom, Europe, The USA and Other.

Norse Atlantic ASA (OSL:NORSE) Headlines

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