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| Date | Value |
|---|---|
| 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% |