Namoi Cotton (ASX:NAM) ROCE % : -8.17% (As of Feb. 2024)

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What is Namoi Cotton 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. Namoi Cotton's annualized ROCE % for the quarter that ended in Feb. 2024 was -8.17%.

Namoi Cotton ROCE % Historical Data

The historical data trend for Namoi Cotton'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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Namoi Cotton ROCE % Chart

Namoi Cotton Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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-7.66

-9.25

-2.18

4.24

6.52

Namoi Cotton Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															-12.31	16.85	-7.91	20.88	-8.17

Namoi Cotton ROCE % Calculation

Namoi Cotton's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	11.464	/	( ( (203.305 - 29.722)	+	(191.589 - 13.61) )	/ 2 )
	=	11.464	/	( (173.583	+	177.979)	/ 2 )
	=	11.464	/	175.781
	=	6.52 %

Namoi Cotton's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	-15.016	/	( ( (231.136 - 41.346)	+	(191.589 - 13.61) )	/ 2 )
	=	-15.016	/	( ( 189.79	+	177.979 )	/ 2 )
	=	-15.016	/	183.8845
	=	-8.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

Namoi Cotton (ASX:NAM) 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.

Namoi Cotton ROCE % Related Terms

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Namoi Cotton Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namoi Cotton Ltd (ASX:NAM) » Definitions » ROCE %

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Address

259 Ruthven Street, Toowoomba, QLD, AUS, 4350

Website

https://www.namoicotton.com.au

Namoi Cotton Ltd is engaged in the processing of cotton. The company is involved in the provision of cotton ginning services to cotton farmers, the marketing of cotton seed and by-products of the ginning process and, participation in the marketing of cotton lint bales. Its operating divisions are Ginning Services and Supply Chain & Marketing. The firm generates a majority of its revenue from the Ginning services.

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