Novem Group (XTER:NVM) ROCE % : 12.15% (As of Sep. 2024)

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What is Novem Group 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. Novem Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.15%.

Novem Group ROCE % Historical Data

The historical data trend for Novem 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.

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Novem Group ROCE % Chart

Novem Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

18.37

17.03

20.08

15.64

Novem Group Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												10.78	22.54	9.23	11.91	12.15

Novem Group ROCE % Calculation

Novem Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	66.032	/	( ( (638.006 - 220.191)	+	(602.116 - 175.461) )	/ 2 )
	=	66.032	/	( (417.815	+	426.655)	/ 2 )
	=	66.032	/	422.235
	=	15.64 %

Novem Group'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 )
	=	51.468	/	( ( (588.3 - 161.8)	+	(565.114 - 144.22) )	/ 2 )
	=	51.468	/	( ( 426.5	+	420.894 )	/ 2 )
	=	51.468	/	423.697
	=	12.15 %

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

Novem Group (XTER:NVM) 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.

Novem Group ROCE % Related Terms

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Novem Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Novem Group SA (XTER:NVM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0ABP:UK

Address

Industriestrasse 45, Vorbach, DEU, 95519

Website

https://www.novem.com

Novem Group SA operates as a developer, supplier, and system supplier for trim parts and decorative functional elements in vehicle interiors. The products of the company are central consoles, dashboards, beltlines, and others. The company operates in three reportable geographical segments namely Europe, Americas, and Asia. The business activities of these segments includes the production, processing, and sale of high quality trims and decorative functional elements in vehicle interiors.

Executives

Frank Schmitt	Board of Directors
Christine Maria Hollmann	Board of Directors
Dr. Johannes Burtscher	Board of Directors
Günter Brenner	Board of Directors

Novem Group Headlines

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