NorthWestern Energy Group (FRA:NWZA) ROCE % : 5.98% (As of Mar. 2024)

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What is NorthWestern Energy 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. NorthWestern Energy Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.98%.

NorthWestern Energy Group ROCE % Historical Data

The historical data trend for NorthWestern Energy 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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NorthWestern Energy Group ROCE % Chart

NorthWestern Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.08

3.95

4.77

4.45

4.53

NorthWestern Energy Group 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															6.03	2.94	3.52	6.03	5.98

NorthWestern Energy Group ROCE % Calculation

NorthWestern Energy Group'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 )
	=	290.035	/	( ( (6907.987 - 586.078)	+	(6969.798 - 490.501) )	/ 2 )
	=	290.035	/	( (6321.909	+	6479.297)	/ 2 )
	=	290.035	/	6400.603
	=	4.53 %

NorthWestern Energy Group'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 )
	=	391.548	/	( ( (6969.798 - 490.501)	+	(7022.759 - 409.109) )	/ 2 )
	=	391.548	/	( ( 6479.297	+	6613.65 )	/ 2 )
	=	391.548	/	6546.4735
	=	5.98 %

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

NorthWestern Energy Group (FRA:NWZA) 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.

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NorthWestern Energy Group (FRA:NWZA) Business Description

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NWE:USA

Address

3010 West 69th Street, Sioux Falls, SD, USA, 57108

Website

https://www.northwesternenergy.com

NorthWestern Energy Group Inc provides electricity and natural gas services in the Upper Midwest and Northwest of the U.S. in the states of Montana, South Dakota, Nebraska, and Yellowstone National Park. The company's primary segments include Electric utility operations, which include the generation, purchase, transmission, and distribution of electricity, and Natural Gas utility operations, which include the production, purchase, transmission, storage, and distribution of natural gas. The company uses thermal, wind, hydro, or renewable energy in varying quantities, depending on the location of the facilities, to generate power. The company derives the majority of retail electric utility revenue from commercial and residential sales.

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