NOVONIX (ASX:NVX) ROCE % : 0.00% (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is NOVONIX 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. NOVONIX's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

NOVONIX ROCE % Historical Data

The historical data trend for NOVONIX'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.

* Premium members only.

NOVONIX ROCE % Chart

NOVONIX Annual Data

Trend

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

ROCE %

Get a 7-Day Free Trial

-81.63

-32.66

-13.23

-23.36

-16.25

NOVONIX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

NOVONIX ROCE % Calculation

NOVONIX'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: Jun. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jun. 2022 )		(A: Dec. 2023 )
	=	-65.143	/	( ( (431.139 - 11.227)	+	(393.434 - 11.713) )	/ 2 )
	=	-65.143	/	( (419.912	+	381.721)	/ 2 )
	=	-65.143	/	400.8165
	=	-16.25 %

NOVONIX'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	0	/	( ( (0 - 0)	+	(393.434 - 11.713) )	/ 1 )
	=	0	/	( ( 0	+	381.721 )	/ 1 )
	=	0	/	381.721
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

NOVONIX (ASX:NVX) 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.

NOVONIX ROCE % Related Terms

Thank you for viewing the detailed overview of NOVONIX's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

NOVONIX (ASX:NVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NOVONIX Ltd (ASX:NVX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NVX:USA NVNXF:USA GC3:Germany

Address

71 Eagle Street, Level 38, Brisbane, QLD, AUS, 4000

Website

https://www.novonixgroup.com

NOVONIX Ltd operates in the lithium-ion battery industry. The company has three operating segments namely Graphite Exploration and Mining, Battery Technology, and NOVONIX Anode Materials. Graphite Exploration and Mining segment is engaged in the exploration and development of high-grade flake graphite deposit. TheNOVONIX Anode Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment and carried out research and development in battery development. The Battery Technology segment is the major revenue contributor to the company.