NanoXplore (TSX:GRA) ROCE % : -8.86% (As of Mar. 2024)

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What is NanoXplore 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. NanoXplore's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.86%.

NanoXplore ROCE % Historical Data

The historical data trend for NanoXplore'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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NanoXplore ROCE % Chart

NanoXplore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-19.69

-8.29

-10.18

-11.72

-8.24

NanoXplore 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															-6.29	-5.48	-10.89	-7.03	-8.86

NanoXplore ROCE % Calculation

NanoXplore's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-11.364	/	( ( (168.092 - 27.875)	+	(165.246 - 29.728) )	/ 2 )
	=	-11.364	/	( (140.217	+	135.518)	/ 2 )
	=	-11.364	/	137.8675
	=	-8.24 %

NanoXplore'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 )
	=	-11.148	/	( ( (154.389 - 27.166)	+	(156.685 - 32.401) )	/ 2 )
	=	-11.148	/	( ( 127.223	+	124.284 )	/ 2 )
	=	-11.148	/	125.7535
	=	-8.86 %

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

NanoXplore (TSX:GRA) 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.

NanoXplore ROCE % Related Terms

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NanoXplore (TSX:GRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NanoXplore Inc (TSX:GRA) » Definitions » ROCE %

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NNXPF:USA N13:Germany

Address

4500 Thimens Boulevard, Montreal, QC, CAN, H4R 2P2

Website

https://www.nanoxplore.ca

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.

Executives

Pedro Azevedo Azevedo

Senior Officer