Nordic Waterproofing Holding AB (OSTO:NWG) ROCE % : -3.10% (As of Mar. 2024)

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What is Nordic Waterproofing 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 Waterproofing Holding AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.10%.

Nordic Waterproofing Holding AB ROCE % Historical Data

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

Nordic Waterproofing Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.54

15.27

14.49

16.53

11.22

Nordic Waterproofing Holding AB Quarterly Data
	Jun19	Sep19	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															-2.12	18.51	15.22	13.16	-3.10

Nordic Waterproofing Holding AB ROCE % Calculation

Nordic Waterproofing 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 )
	=	315.2	/	( ( (3724 - 900)	+	(3633.9 - 837.3) )	/ 2 )
	=	315.2	/	( (2824	+	2796.6)	/ 2 )
	=	315.2	/	2810.3
	=	11.22 %

Nordic Waterproofing 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 )
	=	-87.2	/	( ( (3633.9 - 837.3)	+	(3586.4 - 760.1) )	/ 2 )
	=	-87.2	/	( ( 2796.6	+	2826.3 )	/ 2 )
	=	-87.2	/	2811.45
	=	-3.10 %

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

Nordic Waterproofing Holding AB (OSTO:NWG) 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 Waterproofing Holding AB (OSTO:NWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nordic Waterproofing Holding AB (OSTO:NWG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9ZQ:Germany

Address

Ronnowsgatan 12, Helsingborg, SWE, SE-252 25

Website

https://www.nordicwaterproofing.com

Nordic Waterproofing Holding AB is a producer and supplier of waterproofing products and services for buildings and infrastructure. The company operates in two segments: Products & Solutions, and Installation Services. It offers roofing products, building products, EPDM products (ethylene, propylene, diene, monomer) and various installation services. The company is well known in the market through brands such as AL-Katot, Hetag Tagmaterialer, Kerabit, KerabitPro, Mataki, Nortett, Phonix Tag Materialer, SealEco, and Trebolit. Geographically, it operates in Sweden, Noway, Denmark, Finland, Europe, and the Rest of the World. The majority of the company's revenue gets derived from the Products & Solutions segment.