Nexus Infrastructure (LSE:NEXS) ROCE % : -5.55% (As of Mar. 2024)

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What is Nexus Infrastructure 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. Nexus Infrastructure's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.55%.

Nexus Infrastructure ROCE % Historical Data

The historical data trend for Nexus Infrastructure'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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Nexus Infrastructure ROCE % Chart

Nexus Infrastructure Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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21.71

-7.22

-3.19

-0.68

-18.08

Nexus Infrastructure Semi-Annual Data
	Sep14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial														-0.88	-0.51	1.31	-34.71	-5.55

Nexus Infrastructure ROCE % Calculation

Nexus Infrastructure's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-7.941	/	( ( (121.026 - 75.998)	+	(60.763 - 17.936) )	/ 2 )
	=	-7.941	/	( (45.028	+	42.827)	/ 2 )
	=	-7.941	/	43.9275
	=	-18.08 %

Nexus Infrastructure's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-2.324	/	( ( (60.763 - 17.936)	+	(56.028 - 15.063) )	/ 2 )
	=	-2.324	/	( ( 42.827	+	40.965 )	/ 2 )
	=	-2.324	/	41.896
	=	-5.55 %

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

Nexus Infrastructure (LSE:NEXS) 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.

Nexus Infrastructure ROCE % Related Terms

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Nexus Infrastructure (LSE:NEXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nexus Infrastructure PLC (LSE:NEXS) » Definitions » ROCE %

Comparable Companies

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Address

Nexus Park, Avenue East, Skyline 120, Great Notley, Braintree, Essex, GBR, CM77 7AL

Website

https://www.nexus-infrastructure.com

Nexus Infrastructure PLC engages in the provision of infrastructure services in the house-building and commercial sectors in the United Kingdom. The Group business includes Tamdown, a Civil Engineering business, that provides a range of civil engineering and infrastructure services to the UK housebuilding sector. These services include earthworks, building highways, substructures, and basements, and installing sustainable drainage systems. It operates in the South East of England and London.