Noumi (ASX:NOU) ROCE % : -17.17% (As of Dec. 2023)

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What is Noumi ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Noumi's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.17%.

Noumi ROCE % Historical Data

The historical data trend for Noumi's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Noumi ROCE % Chart

Noumi Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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3.14

-30.84

-3.00

-43.04

-12.70

Noumi Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-34.39	-52.07	-12.55	-12.36	-17.17

Noumi ROCE % Calculation

Noumi's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-36.267	/	( ( (420.128 - 121.77)	+	(377.946 - 105.193) )	/ 2 )
	=	-36.267	/	( (298.358	+	272.753)	/ 2 )
	=	-36.267	/	285.5555
	=	-12.70 %

Noumi's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-44.518	/	( ( (377.946 - 105.193)	+	(373.764 - 128.077) )	/ 2 )
	=	-44.518	/	( ( 272.753	+	245.687 )	/ 2 )
	=	-44.518	/	259.22
	=	-17.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Noumi (ASX:NOU) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Noumi ROCE % Related Terms

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Noumi (ASX:NOU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Noumi Ltd (ASX:NOU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8a Williamson Road, Ingleburn, Sydney, NSW, AUS, 2565

Website

https://www.noumi.com.au

Noumi Ltd is an Australian company engaged in the business of sourcing, manufacturing, selling, marketing, and distribution of food products. Its product portfolio includes dairy, plant-based, and nutritional food and beverages. The brands offered by the company include Milklab, Australia's Own, Vital Strength, Uprotein, Crankt, and So Natural. The company operates in two segments which include Dairy and Nutritionals and plant-based Milks. The majority of its revenue derives from the Dairy and Nutritionals segment.

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