Norske Skog ASA (OSL:NSKOG) ROCE % : 11.70% (As of Jun. 2024)

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What is Norske Skog 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. Norske Skog ASA's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.70%.

Norske Skog ASA ROCE % Historical Data

The historical data trend for Norske Skog 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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Norske Skog ASA ROCE % Chart

Norske Skog ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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34.87

-23.24

-2.91

34.52

7.31

Norske Skog ASA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															2.40	4.92	24.79	-11.59	11.70

Norske Skog ASA ROCE % Calculation

Norske Skog 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 )
	=	810	/	( ( (13609 - 3278)	+	(14755 - 2914) )	/ 2 )
	=	810	/	( (10331	+	11841)	/ 2 )
	=	810	/	11086
	=	7.31 %

Norske Skog ASA's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	1356	/	( ( (14644 - 2883)	+	(15201 - 3789) )	/ 2 )
	=	1356	/	( ( 11761	+	11412 )	/ 2 )
	=	1356	/	11586.5
	=	11.70 %

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

Norske Skog ASA (OSL:NSKOG) 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.

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Norske Skog ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Norske Skog ASA (OSL:NSKOG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NSKOGo:Sweden 0BQ:Germany

Address

Sjolyst plass 2, Oslo, NOR, 0278

Website

https://www.norskeskog.com

Norske Skog ASA is an industrial company in publication paper, packaging paper, energy production, and bioproducts. Publication paper products comprise both newsprint and magazine paper, both of which are marketed under the NOR brand. Packaging paper includes the recycled containerboard grades test liner and fluting, which are marketed under the STRATO brand. The company's core bioproducts are the nano cellulose product CEBINA and the bio-composite product CEBICO. Norske Skog owns and operates four industrial sites in Europe and one industrial site in Australasia.

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