In the latest period of Q4'25, NVO's ROE stands at 13.86%, ROA at 4.95%, and ROIC at 7.33%, reflecting a moderate recovery in ROE and ROIC from the prior quarter's lows but remaining below historical peaks observed in earlier periods. Over the timeframe from Q1'23 to Q4'25, all three metrics exhibit a clear downward trend, with ROE declining from 24.81% to 13.86%, ROA from 7.92% to 4.95%, and ROIC from 16.79% to 7.33%, punctuated by volatility including peaks in Q1'24 (ROE 25.69%, ROA 8.50%, ROIC 17.98%) and consistent drops in Q2 periods, signaling potential challenges in asset utilization and capital efficiency for financial analysts to monitor closely.