NRW Holdings (ASX:NWH) ROCE % : 14.28% (As of Dec. 2023)

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What is NRW 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. NRW Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.28%.

NRW Holdings ROCE % Historical Data

The historical data trend for NRW 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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NRW Holdings ROCE % Chart

NRW Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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15.40

20.64

11.41

17.54

15.59

NRW Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															17.69	18.55	13.31	17.42	14.28

NRW Holdings ROCE % Calculation

NRW Holdings'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 )
	=	140.342	/	( ( (1428.846 - 556.096)	+	(1489.921 - 561.933) )	/ 2 )
	=	140.342	/	( (872.75	+	927.988)	/ 2 )
	=	140.342	/	900.369
	=	15.59 %

NRW Holdings'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 )
	=	135.476	/	( ( (1489.921 - 561.933)	+	(1494.85 - 524.802) )	/ 2 )
	=	135.476	/	( ( 927.988	+	970.048 )	/ 2 )
	=	135.476	/	949.018
	=	14.28 %

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

NRW Holdings (ASX:NWH) 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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NRW Holdings (ASX:NWH) Business Description

Industry

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Traded in Other Exchanges

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Address

181 Great Eastern Highway, Belmont, Perth, WA, AUS, 6104

Website

https://www.nrw.com.au

NRW Holdings Ltd is a provider of diversified contract services to the resources and infrastructure sectors. The company's operating segment includes Civil; Mining and Minerals, Energy and Technologies. It generates maximum revenue from the Mining segment. The Mining business specialises in mine management, contract mining, load and haul, dragline operations, drill and blast, coal handling prep plants, maintenance services and the fabrication of water and service vehicles.

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