Nuix (ASX:NXL) ROCE % : -3.06% (As of Dec. 2023)

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What is Nuix 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. Nuix's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.06%.

Nuix ROCE % Historical Data

The historical data trend for Nuix'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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Nuix ROCE % Chart

Nuix Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-0.88

-7.38

-1.35

Nuix Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-1.76	-12.87	0.71	-3.41	-3.06

Nuix ROCE % Calculation

Nuix'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 )
	=	-4.054	/	( ( (374.117 - 69.514)	+	(379.568 - 83.52) )	/ 2 )
	=	-4.054	/	( (304.603	+	296.048)	/ 2 )
	=	-4.054	/	300.3255
	=	-1.35 %

Nuix'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 )
	=	-9.03	/	( ( (379.568 - 83.52)	+	(379.734 - 84.62) )	/ 2 )
	=	-9.03	/	( ( 296.048	+	295.114 )	/ 2 )
	=	-9.03	/	295.581
	=	-3.06 %

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

Nuix (ASX:NXL) 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.

Nuix ROCE % Related Terms

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Nuix (ASX:NXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nuix Ltd (ASX:NXL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NXLLF:USA

Address

1 Market Street, Level 27, Sydney, NSW, AUS, 2000

Website

https://www.nuix.com

Nuix Ltd is engaged in providing software-related services. It is engaged in the development and distribution of software. The company provides services to advisory firms, litigation support vendors, corporations, government and law enforcement agencies. Its products include Nuix Discover, Nuix Investigate, and Nuix Workstation among others. The group's revenue primarily consists of license fees from customers' right to use the software. Its customers are located in the regions of Asia Pacific, the Americas, and Europe, Middle East and Africa.