Nanoco Group (LSE:NANO) ROCE % : 9.61% (As of Jan. 2024)

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What is Nanoco Group 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. Nanoco Group's annualized ROCE % for the quarter that ended in Jan. 2024 was 9.61%.

Nanoco Group ROCE % Historical Data

The historical data trend for Nanoco Group'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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Nanoco Group ROCE % Chart

Nanoco Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-42.60

-66.91

-66.34

-62.30

66.61

Nanoco Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															-71.67	-77.12	-48.80	151.30	9.61

Nanoco Group ROCE % Calculation

Nanoco Group's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	15.03	/	( ( (10.894 - 2.395)	+	(50.767 - 14.136) )	/ 2 )
	=	15.03	/	( (8.499	+	36.631)	/ 2 )
	=	15.03	/	22.565
	=	66.61 %

Nanoco Group's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	4.74	/	( ( (50.767 - 14.136)	+	(75.27 - 13.285) )	/ 2 )
	=	4.74	/	( ( 36.631	+	61.985 )	/ 2 )
	=	4.74	/	49.308
	=	9.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

Nanoco Group (LSE:NANO) 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.

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Nanoco Group (LSE:NANO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nanoco Group PLC (LSE:NANO) » Definitions » ROCE %

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NNOCF:USA NANOl:UK NANO.GB:UK

Address

The Heath Business & Technical Park, Heath Road South, Science Centre, Runcorn, GBR, WA7 4QE

Website

http://www.nanocotechnologies.com

Nanoco Group PLC is a UK-based company which is engaged in research, development, and manufacturing of heavy-metal-free quantum dots and semiconductor nanoparticles. Its products include cadmium-free quantum dots, CFQD quantum dot films, and nanoparticles which offer the potential for display, lighting, solar and biological imaging applications. The company's revenue comes from joint development agreements, individual project development programs and the sale of quantum dot products. Geographically, the company generates majority of its revenue from its business in South Korea and also has its presence in Taiwan, France, Holland, United Kingdom, Japan and other countries.

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