Nordhealth AS (OSL:NORDH) ROCE % : -11.60% (As of Mar. 2024)

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What is Nordhealth AS 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. Nordhealth AS's annualized ROCE % for the quarter that ended in Mar. 2024 was -11.60%.

Nordhealth AS ROCE % Historical Data

The historical data trend for Nordhealth AS'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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Nordhealth AS ROCE % Chart

Nordhealth AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

22.72

-7.39

-13.40

-12.49

Nordhealth AS Quarterly Data
	Jun20	Sep20	Dec20	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-14.41	-10.46	-8.16	-15.48	-11.60

Nordhealth AS ROCE % Calculation

Nordhealth AS'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 )
	=	-124.223	/	( ( (1202.515 - 167.407)	+	(1057.655 - 103.929) )	/ 2 )
	=	-124.223	/	( (1035.108	+	953.726)	/ 2 )
	=	-124.223	/	994.417
	=	-12.49 %

Nordhealth AS'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 )
	=	-108.288	/	( ( (1057.655 - 103.929)	+	(1065.951 - 152.03) )	/ 2 )
	=	-108.288	/	( ( 953.726	+	913.921 )	/ 2 )
	=	-108.288	/	933.8235
	=	-11.60 %

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

Nordhealth AS (OSL:NORDH) 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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Nordhealth AS (OSL:NORDH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nordhealth AS (OSL:NORDH) » Definitions » ROCE %

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Traded in Other Exchanges

6E5:Germany

Address

Strandveien 50, Lysaker, Oslo, NOR, 1366

Website

https://www.nordhealth.com

Nordhealth AS is a cloud-based healthcare Software-as-a-Service business. Its flagship products are Provet Cloud and EasyPractice, both leading cloud-based Practice Management Software for veterinarians and therapists, respectively. It builds software that empowers healthcare professionals to improve patient care, increase efficiency and expand their business.

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