The National Investor Co (ADX:TNI) ROCE % : -4.38% (As of Dec. 2023)

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What is The National Investor Co 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. The National Investor Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.38%.

The National Investor Co ROCE % Historical Data

The historical data trend for The National Investor Co'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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The National Investor Co ROCE % Chart

The National Investor Co Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.32

-1.41

-1.85

-7.13

-2.26

The National Investor Co Semi-Annual Data
	Mar10	Mar11	Mar14	Mar15	Mar16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-3.83	-0.25	-15.21	-0.28	-4.38

The National Investor Co ROCE % Calculation

The National Investor Co'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 )
	=	-7.772	/	( ( (373.932 - 9.981)	+	(335.513 - 11.265) )	/ 2 )
	=	-7.772	/	( (363.951	+	324.248)	/ 2 )
	=	-7.772	/	344.0995
	=	-2.26 %

The National Investor Co'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 )
	=	-14.574	/	( ( (346.386 - 5.718)	+	(335.513 - 11.265) )	/ 2 )
	=	-14.574	/	( ( 340.668	+	324.248 )	/ 2 )
	=	-14.574	/	332.458
	=	-4.38 %

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

The National Investor Co (ADX:TNI) 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.

The National Investor Co ROCE % Related Terms

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The National Investor Co (ADX:TNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The National Investor Co (ADX:TNI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Corniche Tower, P.O. Box 47435, Mezzanine Floor, Abu Dhabi, ARE

Website

http://www.tni.ae

The National Investor Co is an integrated investment and financial services company. Its financial services include asset management, investment banking, private equity, funds, and securities investment, hospitality, third-party real estate, and provision of consultancy. Its segments include Asset Management which manages investment portfolios and funds in regional equities; Merchant Banking provides corporate finance advisory, private placements, public offerings of equity and debt securities, mergers, and acquisitions; and Principal Investments manages and controls all cash related to the group, and all proprietary investments in associates, joint ventures, investments at fair value through profit or loss and other comprehensive income and investment properties.

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