National World (LSE:NWOR) ROCE % : 8.53% (As of Dec. 2023)

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What is National World 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. National World's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.53%.

National World ROCE % Historical Data

The historical data trend for National World'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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National World ROCE % Chart

National World Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-13.54

9.21

15.74

9.36

National World Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			14.26	24.22	7.57	10.37	8.53

National World ROCE % Calculation

National World'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 )
	=	3.3	/	( ( (55.3 - 20.5)	+	(57.4 - 21.7) )	/ 2 )
	=	3.3	/	( (34.8	+	35.7)	/ 2 )
	=	3.3	/	35.25
	=	9.36 %

National World'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 )
	=	3	/	( ( (55.5 - 20.9)	+	(57.4 - 21.7) )	/ 2 )
	=	3	/	( ( 34.6	+	35.7 )	/ 2 )
	=	3	/	35.15
	=	8.53 %

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

National World (LSE:NWOR) 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.

National World ROCE % Related Terms

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National World (LSE:NWOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » National World PLC (LSE:NWOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Whitehall Road, No. 1 Leeds, 4th Floor, Leeds, GBR, LS12 1BE

Website

https://www.nationalworldplc.com

National World PLC is a company involved in news publishing, the digital media sector, and associated complementary technologies.

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