Nigerian Breweries (NSA:NB) ROCE % : -93.26% (As of Mar. 2024)

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What is Nigerian Breweries 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. Nigerian Breweries's annualized ROCE % for the quarter that ended in Mar. 2024 was -93.26%.

Nigerian Breweries ROCE % Historical Data

The historical data trend for Nigerian Breweries'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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Nigerian Breweries ROCE % Chart

Nigerian Breweries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.76

10.22

15.51

12.12

-51.40

Nigerian Breweries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-25.00	-99.28	-5.99	-102.36	-93.26

Nigerian Breweries ROCE % Calculation

Nigerian Breweries'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 )
	=	-108855.955	/	( ( (619888.682 - 407704.66)	+	(795873.106 - 584465.287) )	/ 2 )
	=	-108855.955	/	( (212184.022	+	211407.819)	/ 2 )
	=	-108855.955	/	211795.9205
	=	-51.40 %

Nigerian Breweries'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-189756.856	/	( ( (795873.106 - 584465.287)	+	(856791.536 - 661257.7) )	/ 2 )
	=	-189756.856	/	( ( 211407.819	+	195533.836 )	/ 2 )
	=	-189756.856	/	203470.8275
	=	-93.26 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Nigerian Breweries (NSA:NB) 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.

Nigerian Breweries ROCE % Related Terms

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Nigerian Breweries (NSA:NB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Nigerian Breweries PLC (NSA:NB) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Abebe Village Road, Iganmu House, Iganmu, Lagos, NGA, 101241

Website

https://www.nbplc.com

Nigerian Breweries PLC is a Brewing firm. The principal activities of the company remained brewing, marketing, and selling lager, stout, non-alcoholic malt drinks, and soft drinks. Geographically, it derives a majority of revenue from Nigeria and also has a presence in the United Kingdom, the Netherlands, the United States of America, Canada, some parts of Africa and parts of the Middle East and Asia. The company's brands include Star, Gulder, Maltina, Legend Extra Stout, Amstel Malta, Heineken, Maltina Sip-it, Fayrouz, Goldberg, Malta Gold, and others.