Nordwest Handel AG (STU:NWX) ROCE % : 26.47% (As of Sep. 2024)

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What is Nordwest Handel AG 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. Nordwest Handel AG's annualized ROCE % for the quarter that ended in Sep. 2024 was 26.47%.

Nordwest Handel AG ROCE % Historical Data

The historical data trend for Nordwest Handel AG'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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Nordwest Handel AG ROCE % Chart

Nordwest Handel AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.65

11.97

14.78

18.36

17.97

Nordwest Handel AG 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															32.72	1.06	12.44	15.52	26.47

Nordwest Handel AG ROCE % Calculation

Nordwest Handel AG'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 )
	=	21.257	/	( ( (340.141 - 225.963)	+	(356.098 - 233.638) )	/ 2 )
	=	21.257	/	( (114.178	+	122.46)	/ 2 )
	=	21.257	/	118.319
	=	17.97 %

Nordwest Handel AG'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 )
	=	33.416	/	( ( (481.023 - 356.361)	+	(472.219 - 344.403) )	/ 2 )
	=	33.416	/	( ( 124.662	+	127.816 )	/ 2 )
	=	33.416	/	126.239
	=	26.47 %

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

Nordwest Handel AG (STU:NWX) 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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Nordwest Handel AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Nordwest Handel AG (STU:NWX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Robert-Schuman-Strasse 17, Dortmund, DEU, D-44263

Website

http://www.nordwest.com

Nordwest Handel AG provides procurement, finance, logistics, IT, and sales services for small and medium sized businesses. It trades in various steel products, such as molded steel/broad flanged beams; and trades in occupational health and safety, construction equipment and components. The company also supplies sanitary/bathroom ceramics and fittings, bathroom furniture and radiators, shower separations, and accessories to plumbers, fitters, and housing societies, as well as to private building owners and renovators.

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