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

Nokia (NOK) posted quarterly Return on Capital Employed of 19.75% for Q2 2023, down 16.04% on a QoQ basis from 23.53% in Q4 2022.

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

Nokia (NOK) has reported Return on Capital Employed for 15 consecutive years, with 19.75% the latest figure, recorded in Q2 2023.

  • Quarterly Return on Capital Employed changed N/A year-over-year to 19.75% in Q2 2023, while the trailing twelve-month figure through Jun 2023 was 19.75% (changed N/A YoY) and the FY2025 annual result came in at 3.12%, down 389.0% from the prior year.
  • Return on Capital Employed eased to 19.75% in Q2 2023 per NOK's latest filing, from 23.53% in the prior quarter.
  • Over the last five years, Return on Capital Employed for NOK reached as high as 23.53% in Q4 2022 and fell as low as 11.21% in Q2 2019.
  • A 5-year average of 16.85% and a median of 16.65% in 2021 frame the typical range for Return on Capital Employed.
  • Annual changes were most pronounced in 2019 — Return on Capital Employed jumped 1032 bps — and 2020, when it slumped 572 bps.
  • Year by year, Return on Capital Employed stood at 20.33% in 2019, then decreased by 28 bps to 14.61% in 2020, then surged by 60 bps to 23.43% in 2021, then advanced by 0 bps to 23.53% in 2022, then retreated by 16 bps to 19.75% in 2023.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 19.75%, 23.53%, and 23.43% for Q2 2023, Q4 2022, and Q4 2021 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Cisco Systems 444.27 Bn 427.63 Bn 10.08 Bn 16.71%
2 Motorola Solutions 68.42 Bn 67.56 Bn 1.36 Bn 21.43%
3 Hewlett Packard Enterprise 63.57 Bn 58.72 Bn 9.10 Bn -0.78%
4 Lumentum Holdings 59.61 Bn 56.43 Bn 357.00 Mn 11.56%
5 Ciena 57.62 Bn 56.33 Bn 625.52 Mn 6.63%
6 Nokia 52.70 Bn 45.22 Bn 9.86 Bn -
7 Ubiquiti 32.00 Bn 31.63 Bn 370.71 Mn 87.31%
8 AST SpaceMobile 17.20 Bn 17.78 Bn 3.67 Mn -8.36%
9 Zebra Technologies 12.59 Bn 12.48 Bn 742.00 Mn 10.82%
10 Viasat 10.14 Bn 8.46 Bn 615.36 Mn 0.79%

Historic Data

Download Data
DateValue
Jun 30, 2023 19.75%
Dec 31, 2022 23.53%
Dec 31, 2021 23.43%
Mar 31, 2021 16.65%
Dec 31, 2020 14.61%
Sep 30, 2020 13.24%
Jun 30, 2020 12.61%
Mar 31, 2020 12.62%
Dec 31, 2019 20.33%
Sep 30, 2019 17.35%
Jun 30, 2019 11.21%
Dec 31, 2018 10.01%
Sep 30, 2018 9.90%
Jun 30, 2018 13.91%
Dec 31, 2017 -4.18%
Sep 30, 2017 -4.13%
Jun 30, 2017 -4.36%
Dec 31, 2016 12.67%
Dec 31, 2015 26.03%
Dec 31, 2014 1,584,979.94%