Next Biometrics Group ASA (OSTO:NEXTO) ROCE % : -6.46% (As of Sep. 2024)

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What is Next Biometrics Group 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. Next Biometrics Group ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was -6.46%.

Next Biometrics Group ASA ROCE % Historical Data

The historical data trend for Next Biometrics Group 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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Next Biometrics Group ASA ROCE % Chart

Next Biometrics Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-127.12

-85.84

-48.30

-39.62

-67.97

Next Biometrics Group ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-86.34	-49.32	-70.23	-31.37	-6.46

Next Biometrics Group ASA ROCE % Calculation

Next Biometrics Group 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 )
	=	-65.195	/	( ( (121.85 - 24.571)	+	(118.9 - 24.355) )	/ 2 )
	=	-65.195	/	( (97.279	+	94.545)	/ 2 )
	=	-65.195	/	95.912
	=	-67.97 %

Next Biometrics Group ASA's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-5.772	/	( ( (108.696 - 28.793)	+	(126.48 - 27.82) )	/ 2 )
	=	-5.772	/	( ( 79.903	+	98.66 )	/ 2 )
	=	-5.772	/	89.2815
	=	-6.46 %

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

Next Biometrics Group ASA (OSTO:NEXTO) 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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Next Biometrics Group ASA Business Description

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NEXT:Norway 0QWK:UK NT7:Germany

Address

Apotekergata 10B, Oslo, NOR, 0180

Website

https://www.nextbiometrics.com

Next Biometrics Group ASA provides fingerprint sensor technology and products. The company's products are utilized for Smart Card, Government ID, Access control, Notebook, and others. The company's products include smart card solutions, fingerprint sensor modules, fingerprint readers, Aadhar products, Software DevKits, and Hardware DevKits. The company has one operating segment namely; Fingerprint sensor Technology. The company's Geographic customer base consists of Japan, India, China, Taiwan, and Singapore.

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