Noble Roman's (Noble Roman's) ROCE % : 12.63% (As of Sep. 2023)

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What is Noble Roman's 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. Noble Roman's's annualized ROCE % for the quarter that ended in Sep. 2023 was 12.63%.

Noble Roman's ROCE % Historical Data

The historical data trend for Noble Roman's'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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Noble Roman's ROCE % Chart

Noble Roman's Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-9.07

8.36

-15.33

9.99

2.53

Noble Roman's Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															8.65	-9.40	37.42	16.98	12.63

Noble Roman's ROCE % Calculation

Noble Roman's's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.428	/	( ( (19.376 - 1.575)	+	(18.343 - 2.316) )	/ 2 )
	=	0.428	/	( (17.801	+	16.027)	/ 2 )
	=	0.428	/	16.914
	=	2.53 %

Noble Roman's's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.056	/	( ( (18.937 - 2.371)	+	(17.992 - 1.992) )	/ 2 )
	=	2.056	/	( ( 16.566	+	16 )	/ 2 )
	=	2.056	/	16.283
	=	12.63 %

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

Noble Roman's (OTCPK:NROM) 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.

Noble Roman's ROCE % Related Terms

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Noble Roman's (Noble Roman's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Noble Roman's Inc (OTCPK:NROM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6612 E. 75th Street, Suite 450, Indianapolis, IN, USA, 46250

Website

https://www.nobleromans.com

Noble Roman's Inc is a restaurant operator. It sells and services franchises and licenses for non-traditional foodservice operations and stand-alone locations under the trade names Noble Roman's Pizza, Noble Roman's Take-N-Bake, Noble Roman's Craft Pizza and Pub, and Tuscano's Italian Style Subs. It is known for pizza and sub sandwiches, along with other related menu items, simple operating systems, fast service times, labor-minimizing operations, attractive food costs, and overall affordability.

Executives

Bt Brands, Inc.	other: 5% owner	405 MAIN AVENUE WEST, SUITE 2D, WEST FARGO ND 58078
Robert P Stiller	10 percent owner	515 N. FLAGLER DR., SUITE 1702, WEST PALM BEACH FL 33401
Marcel Herbst	director	834 W. ROSCOE ST., UNIT 2, CHICAGO X1 60657
William Wildman	director	101 WEST OHIO STREET, SUITE 2000, INDIANAPOLIS IN 46204
Alan Scott Mobley	director, officer: President	ONE VIRGINIA AVE, SUITE 800, INDIANAPOLIS IN 46204
Douglas Harold Coape-arnold	director	1000 POST ROAD, SCARSDALE NY 10583
Privet Fund Lp	10 percent owner, other: See Explanation of Responses	3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Mitchell Grunat	officer: VP of Franchise Services	2 OAK PARK CT, NOVATO CA 94945
Privet Fund Management Llc	10 percent owner, other: See Explanation of Responses	3280 PEACHTREE ROAD NE, SUITE 2670, ATLANTA GA 30305
Paul W Mobley	director, 10 percent owner, officer: CEO, CFO
Ryan Levenson	10 percent owner, other: See Explanation of Responses	2396 DELLWOOD DRIVE, ATLANTA GA 30305
James Douglas Bales	officer: Vice President of Operations	15727 GATESHEAD DRIVE, WESTFIELD IN 46074
Geovest Capital Partners, Lp	10 percent owner	1000 POST ROAD, SCARSDALE NY 10583
Jeffrey R Gaither	director	111 MONUMENT CIRCLE, SUITE 2700, INDIANAPOLIS IN 46204
James F Basili	director	536 GRAND STREET, SUITE 505, HOBOKEN NJ 07030