NN (NNBR) ROCE % : -8.53% (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is NN 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. NN's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.53%.

NN ROCE % Historical Data

The historical data trend for NN'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.

* Premium members only.

NN ROCE % Chart

NN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-1.38

-13.84

-1.90

-3.49

-7.29

NN 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															-4.12	-8.65	-1.23	-15.59	-8.53

NN ROCE % Calculation

NN'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 )
	=	-32.66	/	( ( (546.127 - 78.806)	+	(510.885 - 81.619) )	/ 2 )
	=	-32.66	/	( (467.321	+	429.266)	/ 2 )
	=	-32.66	/	448.2935
	=	-7.29 %

NN'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 )
	=	-36.124	/	( ( (510.885 - 81.619)	+	(512.824 - 94.792) )	/ 2 )
	=	-36.124	/	( ( 429.266	+	418.032 )	/ 2 )
	=	-36.124	/	423.649
	=	-8.53 %

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

NN (NAS:NNBR) 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.

NN ROCE % Related Terms

Thank you for viewing the detailed overview of NN's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

NN (NNBR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » NN Inc (NAS:NNBR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NN2:Germany

Address

6210 Ardrey Kell Road, Suite 600, Charlotte, NC, USA, 28277

Website

https://www.nninc.com

NN Inc is a diversified industrial company that combines engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions and components. It operates in two business segments: mobile solutions and power solutions. The mobile solutions segment involves growth in the general industrial and automotive end markets. Its power solutions segment involves growth in the electrical and aerospace and defense end markets. It also operates in China, Mexico, Brazil, Germany, and other countries.

Executives

Rajeev Gautam	director	C/O HONEYWELL, 300 S. TRYON STREET, CHARLOTTE NC 28202
Timothy M. French	officer: Chief Operating Officer	6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277
Joao V Faria	director	1000 EATON BLVD., CLEVELAND OH 44122
Corre Partners Management, Llc	10 percent owner	12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
Harold C Bevis	officer: President and CEO	8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
Wilson Thomas Hampton Jr.	director	PO BOX 807, 663 HWY 60, MONETT MO 65708
Raynard D. Benvenuti	director	6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Shihab A. Kuran	director	6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Christina Carroll	director	16529 ADLON ROAD, ENCINO CA 91436
Jeri J Harman	director
Corre Opportunities Qualified Master Fund, Lp	10 percent owner	12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017
Warren A Veltman	officer: SVP/GM Autocam Precision Comp.	2000 WATERS EDGE DRIVE, BUILDING C, SUITE 12, JOHNSON CITY TN 37604
Felcher, Jr. Michael C.	officer: See Remarks	6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277
Eric Hjalmar Soderlund	10 percent owner	12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017
Corre Partners Advisors Llc	10 percent owner	12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017