NTAW Holdings (ASX:NTD) ROCE % : 4.28% (As of Dec. 2023)

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What is NTAW Holdings 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. NTAW Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.28%.

NTAW Holdings ROCE % Historical Data

The historical data trend for NTAW Holdings'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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NTAW Holdings ROCE % Chart

NTAW Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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12.50

7.78

24.46

8.44

3.89

NTAW Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								9.31	7.32	0.50	7.45	4.28

NTAW Holdings ROCE % Calculation

NTAW Holdings'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 )
	=	10.172	/	( ( (405.494 - 142.87)	+	(376.047 - 115.386) )	/ 2 )
	=	10.172	/	( (262.624	+	260.661)	/ 2 )
	=	10.172	/	261.6425
	=	3.89 %

NTAW Holdings'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 )
	=	11.324	/	( ( (376.047 - 115.386)	+	(375.188 - 106.416) )	/ 2 )
	=	11.324	/	( ( 260.661	+	268.772 )	/ 2 )
	=	11.324	/	264.7165
	=	4.28 %

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

NTAW Holdings (ASX:NTD) 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.

NTAW Holdings ROCE % Related Terms

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NTAW Holdings (ASX:NTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NTAW Holdings Ltd (ASX:NTD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

385 MacArthur Avenue, Level 2, Hamilton, QLD, AUS, 4007

Website

https://www.ntaw.com.au

National Tyre & Wheel Ltd is engaged in the distribution and marketing of motor vehicle tires, wheels, tubes, and related products. It distributes its products in Australia, New Zealand, and South Africa. The company generates maximum revenue from Australia.

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