Nordic Paper Holding AB (OSTO:NPAPER) ROCE % : 32.96% (As of Mar. 2024)

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What is Nordic Paper 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. Nordic Paper Holding AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.96%.

Nordic Paper Holding AB ROCE % Historical Data

The historical data trend for Nordic Paper 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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Nordic Paper Holding AB ROCE % Chart

Nordic Paper Holding AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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41.50

20.96

10.37

32.38

24.97

Nordic Paper Holding AB Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															38.33	31.88	11.82	17.48	32.96

Nordic Paper Holding AB ROCE % Calculation

Nordic Paper 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 )
	=	611	/	( ( (3626 - 1245)	+	(3837 - 1325) )	/ 2 )
	=	611	/	( (2381	+	2512)	/ 2 )
	=	611	/	2446.5
	=	24.97 %

Nordic Paper Holding AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	848	/	( ( (3837 - 1325)	+	(3789 - 1155) )	/ 2 )
	=	848	/	( ( 2512	+	2634 )	/ 2 )
	=	848	/	2573
	=	32.96 %

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

Nordic Paper Holding AB (OSTO:NPAPER) 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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Nordic Paper Holding AB (OSTO:NPAPER) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nordic Paper Holding AB (OSTO:NPAPER) » Definitions » ROCE %

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0ABK:UK

Address

Tullhusgatan 1B, Karlstad, SWE, 652 09

Website

https://www.nordic-paper.com

Nordic Paper Holding AB is a paper company operating in two segments; Kraft paper is used in many end-use applications, such as in products aimed at consumers, including carrier bags and food packaging, in packaging for building materials, and in multiple other industrial applications, and Greaseproof paper is a group of paper types that are characterized by a resistance to oil or grease and is mainly used in the food sector but also have a number of industrial applications. The company offers effective and environmentally responsible products and solutions within the Kraft Paper and Natural Greaseproof segments.

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