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

Nokia (NOK) posted Return on Capital Employed of 21.5% for Q2 2023, down 11.96% sequentially from 24.42% in Q4 2022.

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

Nokia has reported Return on Capital Employed for 15 years, with the latest figure at 21.5% in Q2 2023.

Quarterly Return on Capital Employed changed N/A year-over-year to 21.5% in Q2 2023, while the trailing twelve-month figure through Jun 2023 was 21.5% (changed N/A YoY) and the FY2025 annual result came in at 3.31%, down 367.0% from the prior year.
Return on Capital Employed slipped to 21.5% in Q2 2023 per NOK's latest filing, from 24.42% in the prior quarter.
Over five years, Return on Capital Employed peaked at 24.42% in Q4 2022 and troughed at 11.73% in Q2 2019.
A 5-year average of 17.15% and a median of 16.38% in 2021 frame the typical range for Return on Capital Employed.
The sharpest annual moves came in 2019 and 2020: Return on Capital Employed surged 955 bps in 2019, then slumped 595 bps in 2020.
Over 5 years, Return on Capital Employed stood at 20.51% in 2019, then slipped by 29 bps to 14.56% in 2020, then soared by 61 bps to 23.47% in 2021, then climbed by 4 bps to 24.42% in 2022, then dropped by 12 bps to 21.5% in 2023.
According to Business Quant data, Return on Capital Employed over the past three periods registered 21.5%, 24.42%, and 23.47% for Q2 2023, Q4 2022, and Q4 2021 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	ROCE (Qtr)
1	Cisco Systems	440.02 Bn	423.38 Bn	10.08 Bn	16.71%
2	Hewlett Packard Enterprise	77.69 Bn	72.40 Bn	3.94 Bn	2.87%
3	Motorola Solutions	77.25 Bn	76.56 Bn	1.68 Bn	22.44%
4	Lumentum Holdings	66.40 Bn	63.23 Bn	357.00 Mn	11.56%
5	Nokia	61.84 Bn	54.37 Bn	10.09 Bn	-
6	Ciena	60.71 Bn	59.51 Bn	691.55 Mn	10.98%
7	Ubiquiti	34.65 Bn	34.28 Bn	370.71 Mn	87.31%
8	Ericsson Lm Telephone	34.62 Bn	28.92 Bn	2.58 Bn	20.69%
9	AST SpaceMobile	27.62 Bn	28.12 Bn	9.12 Mn	-11.54%
10	Zebra Technologies	17.79 Bn	17.63 Bn	825.00 Mn	19.12%

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