NL2 Capital (TSXV:NLII.P) ROCE % : -7.08% (As of Sep. 2023)

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What is NL2 Capital 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. NL2 Capital's annualized ROCE % for the quarter that ended in Sep. 2023 was -7.08%.

NL2 Capital ROCE % Historical Data

The historical data trend for NL2 Capital'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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NL2 Capital ROCE % Chart

NL2 Capital Annual Data

Trend

Dec22

ROCE %

NL2 Capital Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	-28.66	-8.99	-7.08

NL2 Capital ROCE % Calculation

NL2 Capital'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: . 20 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: . 20 )		(A: Dec. 2022 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

NL2 Capital'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 )
	=	-0.068	/	( ( (0.992 - 0.028)	+	(0.974 - 0.017) )	/ 2 )
	=	-0.068	/	( ( 0.964	+	0.957 )	/ 2 )
	=	-0.068	/	0.9605
	=	-7.08 %

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

NL2 Capital (TSXV:NLII.P) 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.

NL2 Capital ROCE % Related Terms

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NL2 Capital (TSXV:NLII.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » NL2 Capital Inc (TSXV:NLII.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1969 Upper Water Street, Suite 1300, McInnes Cooper Tower - Purdy's Wharf, Halifax, NS, CAN, B3J 3R7

Website

NL2 Capital Inc is a capital pool company.

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