Ninety One (JSE:NY1) ROCE % : 44.00% (As of Sep. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Ninety One 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. Ninety One's annualized ROCE % for the quarter that ended in Sep. 2023 was 44.00%.

Ninety One ROCE % Historical Data

The historical data trend for Ninety One'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.

Ninety One ROCE % Chart

Ninety One Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

64.85

75.82

57.47

56.88

45.73

Ninety One Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial								59.98	57.09	46.11	44.70	44.00

Ninety One ROCE % Calculation

Ninety One's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	4795.335	/	( ( (230252.806 - 220362.387)	+	(239598.323 - 228516.313) )	/ 2 )
	=	4795.335	/	( (9890.419	+	11082.01)	/ 2 )
	=	4795.335	/	10486.2145
	=	45.73 %

Ninety One's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	4971.454	/	( ( (239598.323 - 228516.313)	+	(245866.359 - 234353.146) )	/ 2 )
	=	4971.454	/	( ( 11082.01	+	11513.213 )	/ 2 )
	=	4971.454	/	11297.6115
	=	44.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Ninety One (JSE:NY1) 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.

Ninety One ROCE % Related Terms

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

Ninety One (JSE:NY1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ninety One Ltd (JSE:NY1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

L91:Germany

Address

36 Hans Strijdom Avenue, Foreshore, Cape Town, WC, ZAF, 8001

Website

https://www.ninetyone.com

Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors. Geographically, it derives a majority of revenue from the United Kingdom and others.

Ninety One (JSE:NY1) Headlines

No Headlines