Nordic Flanges Group AB (OSTO:NFGAB) ROCE % : -26.75% (As of Sep. 2024)

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What is Nordic Flanges Group AB 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. Nordic Flanges Group AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -26.75%.

Nordic Flanges Group AB ROCE % Historical Data

The historical data trend for Nordic Flanges Group AB'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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Nordic Flanges Group AB ROCE % Chart

Nordic Flanges Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.81

-10.26

-14.52

-4.03

-20.79

Nordic Flanges Group AB Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-27.74	-78.04	8.04	-4.91	-26.75

Nordic Flanges Group AB ROCE % Calculation

Nordic Flanges Group AB'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 )
	=	-12.872	/	( ( (144.507 - 69.69)	+	(129.53 - 80.542) )	/ 2 )
	=	-12.872	/	( (74.817	+	48.988)	/ 2 )
	=	-12.872	/	61.9025
	=	-20.79 %

Nordic Flanges Group AB'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 )
	=	-13.832	/	( ( (146.125 - 90.335)	+	(131.997 - 84.369) )	/ 2 )
	=	-13.832	/	( ( 55.79	+	47.628 )	/ 2 )
	=	-13.832	/	51.709
	=	-26.75 %

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

Nordic Flanges Group AB (OSTO:NFGAB) 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.

Nordic Flanges Group AB ROCE % Related Terms

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Nordic Flanges Group AB Business Description

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Address

Herkulesgatan 14, Stockholm, SWE, 111 52

Website

http://www.nordicflanges.se

Nordic Flanges Group AB is a manufacturer and supplier of standard and special flanges in Nordic countries. It provides flange solutions in stainless steel, aluminum and carbon steel. Its products include stock flanges, welding necks, welding rings and loose flanges in stainless steel, carbon steel and stock other types of flanges, DIN 2642 flanges, DIN 2527 blind flanges and DIN 2673 flanges for plastic piping.

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