NB Aurora Sicaf-Raif (MIL:AUR) ROCE % : 21.86% (As of Dec. 2023)

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What is NB Aurora Sicaf-Raif 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. NB Aurora Sicaf-Raif's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.86%.

NB Aurora Sicaf-Raif ROCE % Historical Data

The historical data trend for NB Aurora Sicaf-Raif'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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NB Aurora Sicaf-Raif ROCE % Chart

NB Aurora Sicaf-Raif Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.54

0.65

12.83

7.39

14.04

NB Aurora Sicaf-Raif Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							18.25	4.32	10.47	6.25	21.86

NB Aurora Sicaf-Raif ROCE % Calculation

NB Aurora Sicaf-Raif'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 )
	=	46.94	/	( ( (311.017 - 0.747)	+	(359.149 - 0.672) )	/ 2 )
	=	46.94	/	( (310.27	+	358.477)	/ 2 )
	=	46.94	/	334.3735
	=	14.04 %

NB Aurora Sicaf-Raif'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	74.166	/	( ( (320.91 - 0.782)	+	(359.149 - 0.672) )	/ 2 )
	=	74.166	/	( ( 320.128	+	358.477 )	/ 2 )
	=	74.166	/	339.3025
	=	21.86 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

NB Aurora Sicaf-Raif (MIL:AUR) 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.

NB Aurora Sicaf-Raif ROCE % Related Terms

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NB Aurora Sicaf-Raif (MIL:AUR) Business Description

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Address

80, route d'Esch, Luxembourg, LUX, L-1470

Website

http://www.nbaurora.com

NB Aurora SA Sicaf-Raif is a long-term Luxembourg investment company. Its investment objective is to achieve long-term capital appreciation through minority equity investments in a portfolio of small and medium-sized and unlisted Italian companies. The company conducts its entire operations under one business segment.