Novus Group International AB (XSAT:NOVU) ROCE % : 53.61% (As of Mar. 2024)

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What is Novus Group International AB 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. Novus Group International AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 53.61%.

Novus Group International AB ROCE % Historical Data

The historical data trend for Novus Group International AB'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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Novus Group International AB ROCE % Chart

Novus Group International AB Annual Data

Trend

Jun12

Jun13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

ROCE %

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36.70

12.37

4.73

30.50

20.95

Novus Group International AB 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															25.98	-26.37	-155.79	47.09	53.61

Novus Group International AB ROCE % Calculation

Novus Group International AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	3.396	/	( ( (39.119 - 23.251)	+	(36.199 - 19.654) )	/ 2 )
	=	3.396	/	( (15.868	+	16.545)	/ 2 )
	=	3.396	/	16.2065
	=	20.95 %

Novus Group International AB'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 )
	=	6.224	/	( ( (30.975 - 19.974)	+	(29.794 - 17.577) )	/ 2 )
	=	6.224	/	( ( 11.001	+	12.217 )	/ 2 )
	=	6.224	/	11.609
	=	53.61 %

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

Novus Group International AB (XSAT:NOVU) 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.

Novus Group International AB ROCE % Related Terms

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Novus Group International AB (XSAT:NOVU) Business Description

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Address

Sveavagen 59, Stockholm, SWE, 113 59

Website

http://www.novus.se

Novus Group International AB is a research company which provides analysis and consultancy services in Sweden. It offers solutions in areas, such as Communication, Brand, Marketing, Business Development, Customer and Affiliates, Society, Media, and Opinion.

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