Nexans (XPAR:NEX) ROCE % : 10.26% (As of Dec. 2023)

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What is Nexans 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. Nexans's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.26%.

Nexans ROCE % Historical Data

The historical data trend for Nexans'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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Nexans ROCE % Chart

Nexans Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.09

8.98

10.04

14.06

12.74

Nexans 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															8.38	18.73	7.62	15.00	10.26

Nexans ROCE % Calculation

Nexans'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 )
	=	356	/	( ( (6402 - 3754)	+	(6536 - 3597) )	/ 2 )
	=	356	/	( (2648	+	2939)	/ 2 )
	=	356	/	2793.5
	=	12.74 %

Nexans'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 )
	=	298	/	( ( (6605 - 3734)	+	(6536 - 3597) )	/ 2 )
	=	298	/	( ( 2871	+	2939 )	/ 2 )
	=	298	/	2905
	=	10.26 %

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

Nexans (XPAR:NEX) 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.

Nexans ROCE % Related Terms

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Nexans (XPAR:NEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nexans (XPAR:NEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NXPRF:USA NEXNY:USA 0IGF:UK NXS:Germany

Address

8 rue du Général Foy, Paris, FRA, 75008

Website

http://www.nexans.com

Nexans is a French company that manufactures and distributes cable products. The company operates through three segments. The transmission, distribution, and operators segment consists of power cables for energy infrastructure, as well as copper and optical fiber cables for public telecommunication networks. The industry segment refers to specialty cables for industrial customers, as well as cables for the shipbuilding, railroad, and aeronautical manufacturing industries, among others. The distributors and installers segment consists of equipment cables for the building market and private telecommunication networks. France, Germany, and Norway are the three biggest markets for the company.