Nido Education (ASX:NDO) ROCE % : 2.06% (As of Dec. 2024)

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What is Nido Education 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. Nido Education's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.06%.

Nido Education ROCE % Historical Data

The historical data trend for Nido Education'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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Nido Education ROCE % Chart

Nido Education Annual Data

Trend

Dec22

Dec23

Dec24

ROCE %

-2.83

-7.48

5.50

Nido Education Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	-	0.61	-24.23	9.40	2.06

Nido Education ROCE % Calculation

Nido Education's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	15.116	/	( ( (323.883 - 61.158)	+	(323.806 - 36.867) )	/ 2 )
	=	15.116	/	( (262.725	+	286.939)	/ 2 )
	=	15.116	/	274.832
	=	5.50 %

Nido Education's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	5.644	/	( ( (292.27 - 32.11)	+	(323.806 - 36.867) )	/ 2 )
	=	5.644	/	( ( 260.16	+	286.939 )	/ 2 )
	=	5.644	/	273.5495
	=	2.06 %

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

Nido Education (ASX:NDO) 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.

Nido Education ROCE % Related Terms

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Nido Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Nido Education Ltd (ASX:NDO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Park Avenue, Suite 3, Drummoyne, NSW, AUS, 2047

Website

https://www.nidoeducation.edu.au

Nido Education Ltd is a national owner, operator and manager of long-day early childhood education and care services. It offers exceptional education and care for children, from six weeks, through to school age, in a safe, comfortable, nurturing and peaceful environment.

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