Nanoveu (ASX:NVU) ROCE % : -504.54% (As of Dec. 2023)

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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. 2023 was -504.54%.

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

ROCE %

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-81.74

-106.94

-144.60

-386.12

Nanoveu Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-179.02	-200.00	-1,220.40	-411.39	-504.54

Nanoveu ROCE % Calculation

Nanoveu'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 )
	=	-2.145	/	( ( (0.427 - 0.701)	+	(0.513 - 0.616) )	/ 2 )
	=	-2.145	/	( (-0.274	+	-0.103)	/ 2 )
	=	-2.145	/	-0.1885
	=	1,137.93 %

Nanoveu'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 )
	=	-2.558	/	( ( (1.512 - 0.395)	+	(0.513 - 0.616) )	/ 2 )
	=	-2.558	/	( ( 1.117	+	-0.103 )	/ 2 )
	=	-2.558	/	0.507
	=	-504.54 %

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

Industry

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

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N/A

Address

1/18 Olive Street, Subiaco, WA, AUS, 6008

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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