Nova Empire PCL (BKK:NOVA) ROCE % : -2.40% (As of Dec. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Nova Empire PCL 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. Nova Empire PCL's annualized ROCE % for the quarter that ended in Dec. 2024 was -2.40%.

Nova Empire PCL ROCE % Historical Data

The historical data trend for Nova Empire PCL'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.

Nova Empire PCL ROCE % Chart

Nova Empire PCL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

Get a 7-Day Free Trial

-1.50

9.50

1.05

-0.98

-3.30

Nova Empire PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-0.73	-9.26	-0.22	-2.79	-2.40

Nova Empire PCL ROCE % Calculation

Nova Empire PCL'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 )
	=	-88.918	/	( ( (5654.752 - 3065.041)	+	(3504.594 - 712.227) )	/ 2 )
	=	-88.918	/	( (2589.711	+	2792.367)	/ 2 )
	=	-88.918	/	2691.039
	=	-3.30 %

Nova Empire PCL'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: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-67.684	/	( ( (3032.082 - 176.637)	+	(3504.594 - 712.227) )	/ 2 )
	=	-67.684	/	( ( 2855.445	+	2792.367 )	/ 2 )
	=	-67.684	/	2823.906
	=	-2.40 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Nova Empire PCL (BKK:NOVA) 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.

Nova Empire PCL ROCE % Related Terms

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

Nova Empire PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nova Empire PCL (BKK:NOVA) » Definitions » ROCE %

Traded in Other Exchanges

NOVA-R:Thailand

Address

No. 88 Soi Bangna-Trad 30, Debaratana Road, Bangna Tai, Bangna, Bangkok, THA, 10260

Website

https://www.novaempire.co.th

Nova Empire PCL operates in the investment activity. The company has two operating segments; solar power segment and wind power segment. The company operates in Thailand only.