Nordic Iron Ore AB (OSTO:NIO) ROCE % : -7.55% (As of Dec. 2023)

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What is Nordic Iron Ore 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. Nordic Iron Ore AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.55%.

Nordic Iron Ore AB ROCE % Historical Data

The historical data trend for Nordic Iron Ore 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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Nordic Iron Ore AB ROCE % Chart

Nordic Iron Ore AB Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.46

-5.62

-5.26

-6.17

-7.88

Nordic Iron Ore AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.33	-6.21	-6.73	-11.05	-7.55

Nordic Iron Ore AB ROCE % Calculation

Nordic Iron Ore AB'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 )
	=	-11.078	/	( ( (169.95 - 22.91)	+	(170.511 - 36.54) )	/ 2 )
	=	-11.078	/	( (147.04	+	133.971)	/ 2 )
	=	-11.078	/	140.5055
	=	-7.88 %

Nordic Iron Ore AB's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-10.244	/	( ( (168.841 - 31.619)	+	(170.511 - 36.54) )	/ 2 )
	=	-10.244	/	( ( 137.222	+	133.971 )	/ 2 )
	=	-10.244	/	135.5965
	=	-7.55 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Nordic Iron Ore AB (OSTO:NIO) 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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Nordic Iron Ore AB (OSTO:NIO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordic Iron Ore AB (OSTO:NIO) » Definitions » ROCE %

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NIO:Germany

Address

Åkarevägen 2, Dalarna, SWE, SE-772 32

Website

https://www.nordicironore.se/en

Nordic Iron Ore AB is a mining and exploration company. The company is engaged in mining operations at Blotberget and Haksberg and exploring the expansion potential in the intermediate Vasman field and Ludvika Mines, in southern Dalarna.