Wellnex Life (ASX:WNX) ROCE % : -43.07% (As of Jun. 2024)

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What is Wellnex Life 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. Wellnex Life's annualized ROCE % for the quarter that ended in Jun. 2024 was -43.07%.

Wellnex Life ROCE % Historical Data

The historical data trend for Wellnex Life'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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Wellnex Life ROCE % Chart

Wellnex Life Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-224.89

-890.59

-134.17

-230.64

-329.29

Wellnex Life Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial										-99.56	-61.85	-232.53	-228.26	-43.07

Wellnex Life ROCE % Calculation

Wellnex Life'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 )
	=	-11.344	/	( ( (15.04 - 14.296)	+	(30.924 - 24.778) )	/ 2 )
	=	-11.344	/	( (0.744	+	6.146)	/ 2 )
	=	-11.344	/	3.445
	=	-329.29 %

Wellnex Life'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 )
	=	-4.58	/	( ( (30.63 - 15.508)	+	(30.924 - 24.778) )	/ 2 )
	=	-4.58	/	( ( 15.122	+	6.146 )	/ 2 )
	=	-4.58	/	10.634
	=	-43.07 %

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

Wellnex Life (ASX:WNX) 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.

Wellnex Life ROCE % Related Terms

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Wellnex Life Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellnex Life Ltd (ASX:WNX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

22W0:Germany

Address

574 Plummer Street, Building 2, Level 3, Suite 69, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.wellnexlife.com.au

Wellnex Life Ltd is a health and wellness company that is engaged in developing health and wellness products. It offers products including nutritional food products, natural baby skincare range, and nutritional health supplement range. The company offers its products through brands such as The Iron Company, Mr Bright, Nighty Night, Pain Away, Wakey Wakey, and others.

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