Norditek Group AB (OSTO:NOTEK) ROCE % : -8.79% (As of Feb. 2024)

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What is Norditek 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. Norditek Group AB's annualized ROCE % for the quarter that ended in Feb. 2024 was -8.79%.

Norditek Group AB ROCE % Historical Data

The historical data trend for Norditek 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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Norditek Group AB ROCE % Chart

Norditek Group AB Annual Data

Trend

Aug21

Aug22

Aug23

ROCE %

10.58

9.22

Norditek Group AB Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial						15.16	2.25	-11.18	7.52	-8.79

Norditek Group AB ROCE % Calculation

Norditek Group AB's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	9.728	/	( ( (140.092 - 39.789)	+	(141.395 - 30.75) )	/ 2 )
	=	9.728	/	( (100.303	+	110.645)	/ 2 )
	=	9.728	/	105.474
	=	9.22 %

Norditek Group AB's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-9.532	/	( ( (137.992 - 25.899)	+	(134.197 - 29.384) )	/ 2 )
	=	-9.532	/	( ( 112.093	+	104.813 )	/ 2 )
	=	-9.532	/	108.453
	=	-8.79 %

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

Norditek Group AB (OSTO:NOTEK) 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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Norditek Group AB (OSTO:NOTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Norditek Group AB (OSTO:NOTEK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

O5D:Germany

Address

Stora Avagen 21, Askim, SWE, 436 34

Website

https://www.norditek.se

Norditek Group AB is an environmental technology company with a focus on mobile and flexiblerecycling facilities in the Waste, Gravel & Rock and Biomass segments.

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