NGX (ASX:NGX) ROCE % : -19.16% (As of Dec. 2023)

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What is NGX 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. NGX's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.16%.

NGX ROCE % Historical Data

The historical data trend for NGX'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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NGX ROCE % Chart

NGX Annual Data

Trend

Jun22

Jun23

ROCE %

-47.21

NGX Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-6.26	-42.96	-19.16

NGX ROCE % Calculation

NGX'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 )
	=	-3.508	/	( ( (0 - 0.145)	+	(15.357 - 0.35) )	/ 2 )
	=	-3.508	/	( (-0.145	+	15.007)	/ 2 )
	=	-3.508	/	7.431
	=	-47.21 %

NGX's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-2.75	/	( ( (15.357 - 0.35)	+	(13.908 - 0.208) )	/ 2 )
	=	-2.75	/	( ( 15.007	+	13.7 )	/ 2 )
	=	-2.75	/	14.3535
	=	-19.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

NGX (ASX:NGX) 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.

NGX ROCE % Related Terms

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NGX (ASX:NGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NGX Ltd (ASX:NGX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

V9S:Germany

Address

28 The Esplanade, Level 9, Perth, WA, AUS, 6000

Website

https://www.ngxlimited.com

NGX Ltd is a graphite explorer and developer. Its projects include Nanzeka Project; Duwi Project; Malingunde Project; and Mabuwa Project.

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