Next-ChemX (Next-ChemX) ROCE % : 0.00% (As of Dec. 2023)

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What is Next-ChemX 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. Next-ChemX's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Next-ChemX ROCE % Historical Data

The historical data trend for Next-ChemX'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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Next-ChemX ROCE % Chart

Next-ChemX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-224.63

-136.85

-4,415.53

Next-ChemX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-220.00	-232.14	-263.65	-2,195.74	-

Next-ChemX ROCE % Calculation

Next-ChemX's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-2.274	/	( ( (3.219 - 2.487)	+	(3.303 - 3.932) )	/ 2 )
	=	-2.274	/	( (0.732	+	-0.629)	/ 2 )
	=	-2.274	/	0.0515
	=	-4,415.53 %

Next-ChemX'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2.22	/	( ( (3.399 - 3.446)	+	(3.303 - 3.932) )	/ 2 )
	=	-2.22	/	( ( -0.047	+	-0.629 )	/ 2 )
	=	-2.22	/	-0.338
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Next-ChemX (OTCPK:CHMX) 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.

Next-ChemX ROCE % Related Terms

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Next-ChemX (Next-ChemX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next-ChemX Corp (OTCPK:CHMX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Mopac Expressway South, Building 1, Suite 300, Austin, TX, USA, 78746

Website

https://www.next-chemx.com

Next-ChemX Corp owns a Novel Membrane-Based Ion Extraction Technology called NCX technology, that economically extracts ions from solutions that are in very low concentrations. The company's extraction technology allows a continuous transfer without high pressure, temperature, or electrolysis as it mimics biological processes found in nature. Currently, The company is developing commercial pilot plant systems in its laboratory for a wide range of extraction applications that it intends to market Internationally.

Executives

Majendie Dominic John George Gordon	officer: VP Business Development	FLAT 93, YAROSLAVIV VAL 14D, KYIV 2H 01034
Benton H Wilcoxon	director, officer: CEO
John Michael Johnson	director, officer: President	20 LEA LEA PL., MAKAWAO HI 96768
Next-chemx Corp./tx	10 percent owner, officer: CEO	1111 W 12TH ST., #113, AUSTIN TX 78703
Nikolai Meerovich Kocherginsky	10 percent owner	NEXT-CHEMX CORPORATION,, 60 HAZELWOOD DRIVE, #146, CHAMPAIGN IL 61820

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