Nextcom (XTAE:NXTM) ROCE % : 7.78% (As of Dec. 2023)

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What is Nextcom 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. Nextcom's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.78%.

Nextcom ROCE % Historical Data

The historical data trend for Nextcom'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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Nextcom ROCE % Chart

Nextcom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.63

18.71

24.85

9.57

14.14

Nextcom Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.71	10.88	17.32	20.01	7.78

Nextcom ROCE % Calculation

Nextcom'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 )
	=	30.166	/	( ( (337.429 - 133.813)	+	(365.877 - 142.857) )	/ 2 )
	=	30.166	/	( (203.616	+	223.02)	/ 2 )
	=	30.166	/	213.318
	=	14.14 %

Nextcom'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	17.1	/	( ( (358.886 - 142.462)	+	(365.877 - 142.857) )	/ 2 )
	=	17.1	/	( ( 216.424	+	223.02 )	/ 2 )
	=	17.1	/	219.722
	=	7.78 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Nextcom (XTAE:NXTM) 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.

Nextcom ROCE % Related Terms

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Nextcom (XTAE:NXTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Nextcom Ltd (XTAE:NXTM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Horesh Halonim Street, Ramat Ishay Industrial Park, Kefar Yehosua, Jezreel Valley, ISR, 36582

Website

http://www.nextcom1.com

Nextcom Ltd provides telecommunication services. It acts as an integrator of infrastructure & communications networks. It provides services like Underground Fiber-Optic Infrastructure, Services for End Users and wired & wireless communication networks. It is also engaged in renewable energy, infrastructure and engineering facilities, and natural gas.