Novus Holdings (JSE:NVS) ROCE % : 14.94% (As of Sep. 2023)

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What is Novus Holdings 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. Novus Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.94%.

Novus Holdings ROCE % Historical Data

The historical data trend for Novus Holdings'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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Novus Holdings ROCE % Chart

Novus Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.34

-15.03

-0.05

6.34

3.86

Novus Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															4.03	8.68	1.71	6.10	14.94

Novus Holdings ROCE % Calculation

Novus Holdings'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 )
	=	91.154	/	( ( (2604.745 - 439.206)	+	(3397.072 - 833.577) )	/ 2 )
	=	91.154	/	( (2165.539	+	2563.495)	/ 2 )
	=	91.154	/	2364.517
	=	3.86 %

Novus Holdings'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	402.582	/	( ( (3397.072 - 833.577)	+	(3689.292 - 862.697) )	/ 2 )
	=	402.582	/	( ( 2563.495	+	2826.595 )	/ 2 )
	=	402.582	/	2695.045
	=	14.94 %

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

Novus Holdings (JSE:NVS) 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.

Novus Holdings ROCE % Related Terms

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Novus Holdings (JSE:NVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Novus Holdings Ltd (JSE:NVS) » Definitions » ROCE %

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N09:Germany

Address

10 Freedom Way, Marconi Beam, Montague Gardens, Milnerton, Cape Town, WC, ZAF, 7441

Website

https://www.novus.holdings

Novus Holdings Ltd services South Africa and the African continent through its print production of all short to long-run requirements of educational materials, magazines, retail inserts, catalogs, books, newspapers, and commercial work, as well as security and digital printing. The company's reportable segment comprises Printing, Education, and Packaging where printing includes gravure, headset, coldest, sheet-fed, and digital, education contains educational content and packaging includes labels and flexible packaging. Other includes non-print or packaging products. The Majority of the firm's revenue is derived from the Printing segment.