NEL ASA (STU:D7G) ROCE % : -4.52% (As of Mar. 2024)

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What is NEL ASA 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. NEL ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.52%.

NEL ASA ROCE % Historical Data

The historical data trend for NEL ASA'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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NEL ASA ROCE % Chart

NEL ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.06

31.57

-31.20

-20.95

-13.30

NEL ASA 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															-8.46	-18.99	-6.96	-26.84	-4.52

NEL ASA ROCE % Calculation

NEL ASA'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 )
	=	-74.317	/	( ( (664.091 - 113.854)	+	(682.967 - 115.449) )	/ 2 )
	=	-74.317	/	( (550.237	+	567.518)	/ 2 )
	=	-74.317	/	558.8775
	=	-13.30 %

NEL ASA'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 )
	=	-25.668	/	( ( (682.967 - 115.449)	+	(671.942 - 103.384) )	/ 2 )
	=	-25.668	/	( ( 567.518	+	568.558 )	/ 2 )
	=	-25.668	/	568.038
	=	-4.52 %

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

NEL ASA (STU:D7G) 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.

NEL ASA ROCE % Related Terms

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NEL ASA (STU:D7G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NEL ASA (STU:D7G) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NLLSY:USA NLLSF:USA NELo:Sweden NEL:Norway 0E4Q:UK D7G:Germany

Address

Karenslyst alle 49, Oslo, NOR, N-0279

Website

https://www.nelhydrogen.com

NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Fueling and Electroiyser. It generates maximum revenue from the Electroiyser segment.

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