Novaturas AB (OVSE:NTU1L) ROCE % : 32.18% (As of Sep. 2023)

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What is Novaturas 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. Novaturas AB's annualized ROCE % for the quarter that ended in Sep. 2023 was 32.18%.

Novaturas AB ROCE % Historical Data

The historical data trend for Novaturas 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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Novaturas AB ROCE % Chart

Novaturas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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34.87

15.01

-23.08

7.77

-0.10

Novaturas AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															34.92	-26.58	43.82	43.73	32.18

Novaturas AB ROCE % Calculation

Novaturas AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.024	/	( ( (44.641 - 17.114)	+	(55.895 - 34.578) )	/ 2 )
	=	-0.024	/	( (27.527	+	21.317)	/ 2 )
	=	-0.024	/	24.422
	=	-0.10 %

Novaturas AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	9.196	/	( ( (65.578 - 35.149)	+	(55.155 - 28.423) )	/ 2 )
	=	9.196	/	( ( 30.429	+	26.732 )	/ 2 )
	=	9.196	/	28.5805
	=	32.18 %

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

Novaturas AB (OVSE:NTU1L) 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.

Novaturas AB ROCE % Related Terms

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Novaturas AB (OVSE:NTU1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Novaturas AB (OVSE:NTU1L) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NTU:Poland

Address

A. Mickeviciaus g. 27, Kaunas, LTU, LT-44245

Website

https://www.novaturasgroup.com

Novaturas AB is an organizer of recreational and sightseeing tours in the Baltic States. Its business segments include Flight package tours, Sightseeing tours by plane, Sightseeing tours by coach, and Others. The company takes care of holiday and sightseeing tours by charter flights, sightseeing tours to far destinations and bus tours. It offers various traveling-related services including flight tickets and hotel bookings.

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