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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. byNordic Acquisition's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.97%.
The historical data trend for byNordic Acquisition'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.
byNordic Acquisition Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | - | - | - | -1.24 | -1.40 |
byNordic Acquisition Quarterly Data | ||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | -0.69 | -1.15 | -0.83 | -1.59 | -1.97 |
byNordic Acquisition'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 ) | |||||
= | -1.494 | / | ( ( (179.843 - 1.015) | + | (41.858 - 6.664) ) | / 2 ) | |
= | -1.494 | / | ( (178.828 | + | 35.194) | / 2 ) | |
= | -1.494 | / | 107.011 | ||||
= | -1.40 % |
byNordic Acquisition'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 ) | |||||
= | -0.692 | / | ( ( (40.104 - 5.161) | + | (41.858 - 6.664) ) | / 2 ) | |
= | -0.692 | / | ( ( 34.943 | + | 35.194 ) | / 2 ) | |
= | -0.692 | / | 35.0685 | ||||
= | -1.97 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
byNordic Acquisition (NAS:BYNO) 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.
Thank you for viewing the detailed overview of byNordic Acquisition's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mizuho Securities Usa Llc | 10 percent owner | 1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020 |
Mizuho Americas Llc | 10 percent owner | 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020 |
Thomas L Fairfield | officer: CFO, COO and Secretary | C/O WMIH CORP., 800 FIFTH AVENUE, SUITE 4222, SEATTLE WA 98104 |
Steven M Wasserman | director | 328 WEST 77TH STREET, NEW YORK NY 10024 |
Mats Karlsson | officer: Director of Acquisition | EINAR HANSENS ESPLANAD 29, MALAMO V7 21113 |
Michael Hermansson | officer: Chief Executive Officer | EINAR HANSENS ESPLANAD 29, MALAMO V7 21113 |
Anna Yukiko Bickenbach | director | EINAR HANSENS ESPLANAD 29, MALAMO V7 21113 |
Christian Merheim | officer: Director of Technology | EINAR HANSENS ESPLANAD 29, MALMO V7 21113 |
Water By Nordic Ab | 10 percent owner | EINAR HANSENS ESPLANAD 29, MALMO V7 21113 |
Jonas Olsson | director, officer: Chairman of the Board | EINAR HANSENS ESPLANAD 29, MALMO V7 21113 |
Anders Norlin | director | EINAR HANSENS ESPLANAD 29, MALMO V7 21113 |
Alexander Bigge Lidgren | officer: Director of Marketing | EINAR HANSENS ESPLANAD 29, MALMO V7 21113 |
Elmberg Fredrik Jan Thure | director | REINBEKER WEG 51, D-21029, HAMBURG 2M 00000 |
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