Netex Knowledge Factory (XMAD:NTX) ROCE % : 19.94% (As of Sep. 2023)

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What is Netex Knowledge Factory 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. Netex Knowledge Factory's annualized ROCE % for the quarter that ended in Sep. 2023 was 19.94%.

Netex Knowledge Factory ROCE % Historical Data

The historical data trend for Netex Knowledge Factory'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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Netex Knowledge Factory ROCE % Chart

Netex Knowledge Factory Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Sep20

Sep21

Sep22

ROCE %

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-21.58

3.15

-15.56

9.94

2.96

Netex Knowledge Factory Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial											15.30	-1.74	6.15	2.47	19.94

Netex Knowledge Factory ROCE % Calculation

Netex Knowledge Factory's annualized ROCE % for the fiscal year that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	0.35	/	( ( (15.247 - 8.184)	+	(30.23 - 13.61) )	/ 2 )
	=	0.35	/	( (7.063	+	16.62)	/ 2 )
	=	0.35	/	11.8415
	=	2.96 %

Netex Knowledge Factory's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	3.214	/	( ( (29.184 - 13.447)	+	(32.835 - 16.34) )	/ 2 )
	=	3.214	/	( ( 15.737	+	16.495 )	/ 2 )
	=	3.214	/	16.116
	=	19.94 %

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

Netex Knowledge Factory (XMAD:NTX) 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.

Netex Knowledge Factory ROCE % Related Terms

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Netex Knowledge Factory (XMAD:NTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Netex Knowledge Factory SA (XMAD:NTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle Ícaro , No.44, Oleiros, A Coruña, ESP, 15172

Website

https://www.netexlearning.com

Netex Knowledge Factory SA develops applications and service-based-solutions to deliver digital learning in companies and academic institutions. The company's portfolio includes learningCloud, a personalized learning environment that facilitates video, gamification, online/offline mobile learning, micro learning, social learning, interoperability, and real-time conferencing features for the modern workforce in corporations; and smartED, a solution for publishing houses and universities.

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