Novares Group (XPAR:NVS) ROCE %: 14.84% (As of Jun. 2017)


What is Novares Group ROCE %?

Novares Group XPAR:NVS ROCE % is 14.84% as of Jun. 2017.

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. Novares Group's annualized ROCE % for the quarter that ended in Jun. 2017 was 14.84%.

Novares Group  (XPAR:NVS) 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.

Novares Group ROCE % Related Terms

Novares Group ROCE % Historical Data

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The historical data trend for Novares Group'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.

Novares Group ROCE % Chart

Novares Group Annual Data
Trend Dec16
ROCE %
9.05

Novares Group Semi-Annual Data
Jun16 Dec16 Jun17
ROCE % 0.00 11.26 14.84

Novares Group ROCE % Calculation

Novares Group's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2016 )  (A: . 20 )(A: Dec. 2016 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2016 )  (A: . 20 )(A: Dec. 2016 )
=/( ( ( - ) + ( - ) )/ )
=/( (+)/ )
=/
= %

Novares Group's ROCE % of for the quarter that ended in Jun. 2017 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2017 )  (Q: Dec. 2016 )(Q: Jun. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2017 )  (Q: Dec. 2016 )(Q: Jun. 2017 )
=59.714/( ( (811.291 - 424.597) + (815.785 - 397.57) )/ 2 )
=59.714/( ( 386.694 + 418.215 )/ 2 )
=59.714/402.4545
=14.84 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2017) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 14.84% mean?
Novares Group (XPAR:NVS) has a ROCE % of 14.84% as of Jun. 2017.
Is Novares Group's ROCE % too high?
Novares Group's current ROCE % is 14.84%. The Vehicles & Parts industry median ROCE % is 7.94. Novares Group's value of 14.84% is 86.9% above this industry median.
How does Novares Group's ROCE % compare to ?
Novares Group's ROCE % of 14.84% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Novares Group's value of 14.84% is 86.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novares Group's current ROCE % of 14.84% is 86.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novares Group's current ROCE % is 14.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novares Group stock overvalued right now?
Novares Group (XPAR:NVS) has a current ROCE % of 14.84%. The current ROCE % is 14.84% and 86.9% above the Vehicles & Parts industry median of 7.94. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Novares Group (XPAR:NVS), the current ROCE % is 14.84% as of Jun. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novares Group Business Description

Comparable Companies
Address 361 avenue du General de Gaulle, Clamart, Paris, FRA, FR-92140
Novares Group SA is a plastic solutions provider that designs and manufactures complex components and systems serving the automotive industry. The company designs and produces automotive parts and specializes in technical plastic injection for automobiles. Its product portfolio consists of Engine Components, Bezels and Clusters, Air Vents and Decoration Trims, Interior and Car Body Trim, Handles, Exterior Paint and Surfaces, and E-Powertrain Components.