Nordex SE (XTER:NDX1) ROCE % : 5.33% (As of Dec. 2023)

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What is Nordex SE 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. Nordex SE's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.33%.

Nordex SE ROCE % Historical Data

The historical data trend for Nordex SE'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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Nordex SE ROCE % Chart

Nordex SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.73

-3.36

-6.30

-27.07

-11.39

Nordex SE 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															-28.67	-54.23	-11.54	1.43	5.33

Nordex SE ROCE % Calculation

Nordex SE'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 )
	=	-175.4	/	( ( (4756.659 - 3426.639)	+	(5422.031 - 3673.165) )	/ 2 )
	=	-175.4	/	( (1330.02	+	1748.866)	/ 2 )
	=	-175.4	/	1539.443
	=	-11.39 %

Nordex SE'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 )
	=	90.096	/	( ( (4999.709 - 3368.957)	+	(5422.031 - 3673.165) )	/ 2 )
	=	90.096	/	( ( 1630.752	+	1748.866 )	/ 2 )
	=	90.096	/	1689.809
	=	5.33 %

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

Nordex SE (XTER:NDX1) 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.

Nordex SE ROCE % Related Terms

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Nordex SE (XTER:NDX1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordex SE (XTER:NDX1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NRXXY:USA NRDXF:USA 1NDX:Italy NDX1d:UK 0MEC:UK NDX1:Austria

Address

Langenhorner Chaussee 600, Hamburg, DEU, 22419

Website

https://www.nordex-online.com

Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment.

Executives

José Luis Blanco Diéguez	Board of Directors
Patxi Landa Esparza	Board of Directors

Nordex SE (XTER:NDX1) Headlines

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