NFI Group (NFI Group) ROCE % : 4.67% (As of Mar. 2024)

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What is NFI Group 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. NFI Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.67%.

NFI Group ROCE % Historical Data

The historical data trend for NFI Group'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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NFI Group ROCE % Chart

NFI Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.85

-4.17

3.34

-11.82

-1.69

NFI Group 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															-5.09	-4.97	-1.83	4.67	4.67

NFI Group ROCE % Calculation

NFI Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-33.09	/	( ( (2584.396 - 641.779)	+	(2699.96 - 719.706) )	/ 2 )
	=	-33.09	/	( (1942.617	+	1980.254)	/ 2 )
	=	-33.09	/	1961.4355
	=	-1.69 %

NFI Group'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 )
	=	92.72	/	( ( (2699.96 - 719.706)	+	(2741.432 - 754.069) )	/ 2 )
	=	92.72	/	( ( 1980.254	+	1987.363 )	/ 2 )
	=	92.72	/	1983.8085
	=	4.67 %

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

NFI Group (OTCPK:NFYEF) 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.

NFI Group ROCE % Related Terms

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NFI Group (NFI Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NFI Group Inc (OTCPK:NFYEF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9NF:Germany NFI:Canada

Address

711 Kernaghan Avenue, Winnipeg, MB, CAN, R2C 3T4

Website

https://www.nfigroup.com

NFI Group Inc is a global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer(heavy-duty transit buses), Alexander Dennis Limited ("ADL") (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC Specialty Vehicles, LLC ("ARBOC") (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). The Company has two reportable segments which are the Company's strategic business units: Manufacturing Operations and Aftermarket Operations. It generates majority revenue from Manufacturing Operations.