Nolato AB (Nolato AB) ROCE % : 11.74% (As of Mar. 2024)

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What is Nolato 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. Nolato AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.74%.

Nolato AB ROCE % Historical Data

The historical data trend for Nolato 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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Nolato AB ROCE % Chart

Nolato AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.11

22.68

22.32

11.97

9.14

Nolato AB 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															9.47	9.52	6.32	10.65	11.74

Nolato AB ROCE % Calculation

Nolato 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 )
	=	66.877	/	( ( (964.251 - 228.946)	+	(906.645 - 178.989) )	/ 2 )
	=	66.877	/	( (735.305	+	727.656)	/ 2 )
	=	66.877	/	731.4805
	=	9.14 %

Nolato AB'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 )
	=	86.828	/	( ( (906.645 - 178.989)	+	(936.098 - 184.223) )	/ 2 )
	=	86.828	/	( ( 727.656	+	751.875 )	/ 2 )
	=	86.828	/	739.7655
	=	11.74 %

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

Nolato AB (OTCPK:NLTBF) 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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Nolato AB (Nolato AB) Business Description

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NOLA B:Sweden

Address

Nolatovagen 32, Torekov, SWE, SE-269 78

Website

https://www.nolato.com

Nolato AB is a Swedish company that develops and manufactures plastic, silicone, and thermoplastic elastomer products. The firm's operations are organized into three segments based on end market: Medical, which develops complex product systems, components, and packaging solutions for pharmaceuticals and supplements; Integrated, which develops subsystems for mobile phones; and Industrial, which develops systems for the automotive, hygiene, packaging, and furniture industries. Roughly a third of the firm's revenue is generated in the Rest of Europe.

Nolato AB (Nolato AB) Headlines

From GuruFocus

Nolato acquires US-based medtech manufacturer with annual sales of approximately SEK 1.8 billion

By PRNewswire PRNewswire • 08-06-2020

Nolato: Invitation to Webcast Conference Call on 8 May

By PRNewswire PRNewswire • 05-02-2019

First quarter of 2021: All business areas achieve sales and profit growth

By PRNewswire PRNewswire • 05-04-2021

Nolato Q1 2020: Strong Sales Growth for the Group

By PRNewswire PRNewswire • 05-04-2020

Nolato Q1 2019: Continued Strong Performance From Medical Solutions

By PRNewswire PRNewswire • 05-08-2019

Nolato Q3 2020: Good performance and growth by all business areas

By PRNewswire PRNewswire • 10-23-2020

Nolato Q4 2019: Good Performance by all Business Areas

By PRNewswire PRNewswire • 02-10-2020

Nolato Q2 2019: Normalised Inventory Situation at Integrated Solutions

By PRNewswire PRNewswire • 07-18-2019