Nederman Holding AB (OSTO:NMAN) ROCE % : 11.59% (As of Sep. 2024)

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What is Nederman Holding 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. Nederman Holding AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.59%.

Nederman Holding AB ROCE % Historical Data

The historical data trend for Nederman Holding 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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Nederman Holding AB ROCE % Chart

Nederman Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.60

6.31

13.94

12.79

13.39

Nederman Holding AB 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															12.65	12.25	12.66	14.30	11.59

Nederman Holding AB ROCE % Calculation

Nederman Holding 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 )
	=	605.3	/	( ( (6220.1 - 1733.9)	+	(6422.4 - 1864.8) )	/ 2 )
	=	605.3	/	( (4486.2	+	4557.6)	/ 2 )
	=	605.3	/	4521.9
	=	13.39 %

Nederman Holding 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 )
	=	507.2	/	( ( (6598.6 - 2372.1)	+	(6958.9 - 2432.5) )	/ 2 )
	=	507.2	/	( ( 4226.5	+	4526.4 )	/ 2 )
	=	507.2	/	4376.45
	=	11.59 %

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

Nederman Holding AB (OSTO:NMAN) 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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Nederman Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nederman Holding AB (OSTO:NMAN) » Definitions » ROCE %

Comparable Companies

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5QR:Germany

Address

Sydhamnsgatan 2, Helsingborg, SWE, SE-252 28

Website

https://www.nedermangroup.com

Nederman Holding AB is an industrial equipment manufacturer. Its products are developed and marketed globally with the aim of reducing the harmful effects of industrial processes. The firm functions through four segments, Extraction & Filtration Technology, Process Technology, Duct & Filter Technology, and Monitoring & Control Technology. The group works in geographic regions: Sweden, Germany, the UK, other EMEA, the US, other Americas, China, India, and other APAC. The company generates the majority of its revenue from the Extraction & Filtration Technology segment. The company generates the majority of its sales from the EMEA region.

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