Nanollose (ASX:NC6) ROCE % : 0.00% (As of Jun. 2024)

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What is Nanollose 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. Nanollose's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Nanollose ROCE % Historical Data

The historical data trend for Nanollose'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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Nanollose ROCE % Chart

Nanollose Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-128.53

-50.50

-67.97

-123.36

-1,000.00

Nanollose Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial									-56.86	-155.71	-117.93	-319.12	-

Nanollose ROCE % Calculation

Nanollose's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.135	/	( ( (0.633 - 0.182)	+	(0.242 - 0.466) )	/ 2 )
	=	-1.135	/	( (0.451	+	-0.224)	/ 2 )
	=	-1.135	/	0.1135
	=	-1,000.00 %

Nanollose's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1.26	/	( ( (0.923 - 0.741)	+	(0.242 - 0.466) )	/ 2 )
	=	-1.26	/	( ( 0.182	+	-0.224 )	/ 2 )
	=	-1.26	/	-0.021
	=	0 %

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

Nanollose (ASX:NC6) 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.

Nanollose ROCE % Related Terms

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Nanollose Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nanollose Ltd (ASX:NC6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Stirling Highway, Suite 5, CPC, Nedlands, Perth, WA, AUS, 6009

Website

https://www.nanollose.com

Nanollose Ltd is a biomaterials company, commercialising technology to create fibres, fabrics, and other materials with minimal environmental impact. Its principal activities include research and development, and promotion of the Company's microbial cellulose technologies. The company is engaged in development and commercialisation of its Tree-Free rayon fibre for use in textiles (Nullarbor) and non-woven applications (Nufolium).

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