Noble Investments (UK) (LSE:NBL) ROCE % : 8.78% (As of Feb. 2013)

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What is Noble Investments (UK) 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. Noble Investments (UK)'s annualized ROCE % for the quarter that ended in Feb. 2013 was 8.78%.

Noble Investments (UK) ROCE % Historical Data

The historical data trend for Noble Investments (UK)'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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Noble Investments (UK) ROCE % Chart

Noble Investments (UK) Annual Data

Trend

Aug03

Aug04

Aug05

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

ROCE %

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11.89

13.15

15.02

20.26

22.15

Noble Investments (UK) Semi-Annual Data
	Aug03	Feb04	Aug04	Feb05	Aug05	Feb06	Aug06	Feb07	Aug07	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13
ROCE %	Get a 7-Day Free Trial															19.95	18.67	26.25	12.92	8.78

Noble Investments (UK) ROCE % Calculation

Noble Investments (UK)'s annualized ROCE % for the fiscal year that ended in Aug. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2012 )		(A: Aug. 2011 )		(A: Aug. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2012 )		(A: Aug. 2011 )		(A: Aug. 2012 )
	=	3.683	/	( ( (17.779 - 2.363)	+	(21.321 - 3.484) )	/ 2 )
	=	3.683	/	( (15.416	+	17.837)	/ 2 )
	=	3.683	/	16.6265
	=	22.15 %

Noble Investments (UK)'s ROCE % of for the quarter that ended in Feb. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2013 )		(Q: Aug. 2012 )		(Q: Feb. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2013 )		(Q: Aug. 2012 )		(Q: Feb. 2013 )
	=	1.784	/	( ( (21.321 - 3.484)	+	(32.554 - 9.747) )	/ 2 )
	=	1.784	/	( ( 17.837	+	22.807 )	/ 2 )
	=	1.784	/	20.322
	=	8.78 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2013) EBIT data.

Noble Investments (UK) (LSE:NBL) 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.

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Noble Investments (UK) (LSE:NBL) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Noble Investments (UK) PLC (LSE:NBL) » Definitions » ROCE %

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Website

http://www.nobleinvestmentsplc.com

Noble Investments (UK) PLC is engaged in collectibles retail trading and auctions, including rare coins, stamps, tokens, medals and banknotes. Its two segments are Retail trading and related; and Auctions, commissions and fees. Its provides personalized consultancy services to collectors and dealers in English, Ancient and Foreign coins, Commemorative medals and World tokens, Numismatic and Philatelic Books, Banknotes and Paper Ephemera, Military orders and decorations, and World stamps. It operates under Baldwins's and Apex brands. The group has operations in United Kingdom, North America, Europe, and in other part of the world.