Flour Mills Nigeria (NSA:FMNL) ROCE % : 22.21% (As of Mar. 2023)

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What is Flour Mills Nigeria 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. Flour Mills Nigeria's annualized ROCE % for the quarter that ended in Mar. 2023 was 22.21%.

Flour Mills Nigeria ROCE % Historical Data

The historical data trend for Flour Mills Nigeria'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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Flour Mills Nigeria ROCE % Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.00

14.53

18.05

18.80

22.21

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
ROCE %	Get a 7-Day Free Trial								15.00	14.53	18.05	18.80	22.21

Flour Mills Nigeria ROCE % Calculation

Flour Mills Nigeria's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	98477.835	/	( ( (667011.809 - 293586.417)	+	(1097396.39 - 584091.324) )	/ 2 )
	=	98477.835	/	( (373425.392	+	513305.066)	/ 2 )
	=	98477.835	/	443365.229
	=	22.21 %

Flour Mills Nigeria's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	98477.835	/	( ( (667011.809 - 293586.417)	+	(1097396.39 - 584091.324) )	/ 2 )
	=	98477.835	/	( ( 373425.392	+	513305.066 )	/ 2 )
	=	98477.835	/	443365.229
	=	22.21 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Flour Mills Nigeria (NSA:FMNL) 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.

Flour Mills Nigeria ROCE % Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » ROCE %

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Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

Flour Mills Nigeria (NSA:FMNL) Headlines

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