Nanollose (ASX:NC6) ROCE % : -319.12% (As of Dec. 2023)

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What is Nanollose 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. Nanollose's annualized ROCE % for the quarter that ended in Dec. 2023 was -319.12%.

Nanollose ROCE % Historical Data

The historical data trend for Nanollose'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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Nanollose ROCE % Chart

Nanollose Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-95.99

-128.53

-50.50

-67.97

-123.36

Nanollose Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-75.85	-56.86	-155.71	-117.93	-319.12

Nanollose ROCE % Calculation

Nanollose'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 )
	=	-1.344	/	( ( (1.91 - 0.182)	+	(0.633 - 0.182) )	/ 2 )
	=	-1.344	/	( (1.728	+	0.451)	/ 2 )
	=	-1.344	/	1.0895
	=	-123.36 %

Nanollose'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 )
	=	-1.01	/	( ( (0.633 - 0.182)	+	(0.923 - 0.741) )	/ 2 )
	=	-1.01	/	( ( 0.451	+	0.182 )	/ 2 )
	=	-1.01	/	0.3165
	=	-319.12 %

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

Nanollose (ASX:NC6) 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.

Nanollose ROCE % Related Terms

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Nanollose (ASX:NC6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nanollose Ltd (ASX:NC6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Stirling Highway, Suite 5, CPC, Nedlands, Perth, WA, AUS, 6009

Website

https://www.nanollose.com

Nanollose Ltd is a research and development company. The company specializes in the development of plant-free cellulose technologies. Geographically, it operates only in Australia. Its products include Nullabor Fibre and Jelli Grow.

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