Nanoveu (ASX:NVU) ROCE % : -607.85% (As of Dec. 2024)

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What is Nanoveu 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. Nanoveu's annualized ROCE % for the quarter that ended in Dec. 2024 was -607.85%.

Nanoveu ROCE % Historical Data

The historical data trend for Nanoveu'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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Nanoveu ROCE % Chart

Nanoveu Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-106.94

-144.60

-386.12

-1,453.40

Nanoveu Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial								-1,220.40	-411.39	-419.55	-468.88	-607.85

Nanoveu ROCE % Calculation

Nanoveu'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 )
	=	-2.994	/	( ( (0.515 - 0.466)	+	(1.347 - 0.984) )	/ 2 )
	=	-2.994	/	( (0.049	+	0.363)	/ 2 )
	=	-2.994	/	0.206
	=	-1,453.40 %

Nanoveu'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 )
	=	-3.796	/	( ( (1.702 - 0.816)	+	(1.347 - 0.984) )	/ 2 )
	=	-3.796	/	( ( 0.886	+	0.363 )	/ 2 )
	=	-3.796	/	0.6245
	=	-607.85 %

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

Nanoveu (ASX:NVU) 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.

Nanoveu ROCE % Related Terms

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Nanoveu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nanoveu Ltd (ASX:NVU) » Definitions » ROCE %

Comparable Companies

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N/A

Address

191 Street Georges Terrace, Level 5, Perth, WA, AUS, 6000

Website

https://www.nanoveu.com

Nanoveu Ltd is a technology company developing a range of products for mobile phones and other digital displays. The company's wholly-owned, flagship product is its Nanoshield antiviral protector which is available in a variety of mobile phone screen covers, mobile phone cases and as a commercial film capable of being applied to a number of surfaces. The product is a clear plastic containing a layer of charged copper nanoparticles which have antiviral and antimicrobial properties. The Group deploys nanotechnology applications for consumer devices.

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