NBI Bearings Europe (XMAD:NBI) ROCE % : 3.15% (As of Dec. 2023)

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What is NBI Bearings Europe 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. NBI Bearings Europe's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.15%.

NBI Bearings Europe ROCE % Historical Data

The historical data trend for NBI Bearings Europe'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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NBI Bearings Europe ROCE % Chart

NBI Bearings Europe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.28

1.45

2.69

4.61

5.21

NBI Bearings Europe Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.20	7.41	1.23	6.66	3.15

NBI Bearings Europe ROCE % Calculation

NBI Bearings Europe'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 )
	=	3.11	/	( ( (84.377 - 22.307)	+	(85.949 - 28.578) )	/ 2 )
	=	3.11	/	( (62.07	+	57.371)	/ 2 )
	=	3.11	/	59.7205
	=	5.21 %

NBI Bearings Europe's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.946	/	( ( (87.16 - 20.851)	+	(85.949 - 28.578) )	/ 2 )
	=	1.946	/	( ( 66.309	+	57.371 )	/ 2 )
	=	1.946	/	61.84
	=	3.15 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

NBI Bearings Europe (XMAD:NBI) 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.

NBI Bearings Europe ROCE % Related Terms

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NBI Bearings Europe (XMAD:NBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NBI Bearings Europe SA (XMAD:NBI) » Definitions » ROCE %

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Address

Pol. Industrial Basauri, Nave 6-10, Oquendo, Alava, Vitoria-Gasteiz, ESP, 01409

Website

http://www.nbibearings.com

NBI Bearings Europe SA is engaged in designing and production of bearings. Its product offerings include cylindrical roller bearings, tapered roller bearings, spherical roller bearings, needle roller bearings, support rollers, cam followers, cylindrical roller thrust bearings, spherical roller thrust bearings and ball bearings. The company also provides technical services, bearing selection, training and tailor made solutions.

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