Nokia (NOK) Return on Capital Employed (2009 - 2023)

Nokia's (NOK) quarterly Return on Capital Employed came in at 18.63% in Q4 2023, down 321.0% year-on-year from 8.43% in Q4 2022, and down 18.85% quarter-over-quarter from 22.96% in Q2 2023.

Nokia (NOK) Return on Capital Employed (2009 - 2023) Analysis & Trends

Nokia has disclosed Return on Capital Employed across 15 years of filings, most recently posting 18.63% for Q4 2023.

  • Return on Capital Employed for Q4 2023 came in at 18.63%, down 321.0% year-over-year; the trailing twelve-month figure through Dec 2023 was 18.63% (down 321.0% YoY), and the FY2025 annual result was 3.24%, down 373.0% from the prior year.
  • Return on Capital Employed came in at 18.63% for Q4 2023 at Nokia, down from 22.96% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 22.96% in Q2 2023 to a low of 3.21% in Q4 2020.
  • The 5-year median for Return on Capital Employed is 11.73% (2019), against an average of 12.96%.
  • Across the five-year window, Return on Capital Employed sank 1288 bps in 2020 and soared 1267 bps in 2021, its largest moves.
  • Nokia's Return on Capital Employed stood at 16.09% in 2019, then plunged by 80 bps to 3.21% in 2020, then soared by 394 bps to 15.88% in 2021, then surged by 38 bps to 21.84% in 2022, then dropped by 15 bps to 18.63% in 2023.
  • The last three Return on Capital Employed figures came in at 18.63% (Q4 2023), 22.96% (Q2 2023), and 21.84% (Q4 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 16.71%
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 6.63%
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 21.43%
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn -0.78%
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 11.56%
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 87.31%
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -10.70%
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn -1.25%
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 10.82%
10 Nokia 4.12 Bn -2.64 Bn 10.09 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2023 18.63%
Jun 30, 2023 22.96%
Dec 31, 2022 21.84%
Dec 31, 2021 15.88%
Sep 30, 2021 9.99%
Mar 31, 2021 5.00%
Dec 31, 2020 3.21%
Sep 30, 2020 9.01%
Jun 30, 2020 8.35%
Mar 31, 2020 8.26%
Dec 31, 2019 16.09%
Sep 30, 2019 17.52%
Jun 30, 2019 11.73%
Dec 31, 2018 10.97%
Sep 30, 2018 10.27%
Jun 30, 2018 13.80%
Dec 31, 2017 -3.18%
Sep 30, 2017 -3.62%
Jun 30, 2017 -4.15%
Dec 31, 2016 12.63%