Norcros (LSE:NXR) ROCE % : -5.36% (As of Sep. 2024)

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What is Norcros 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. Norcros's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.36%.

Norcros ROCE % Historical Data

The historical data trend for Norcros'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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Norcros ROCE % Chart

Norcros Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.00

9.69

15.72

9.60

12.28

Norcros Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															10.87	6.95	9.25	15.21	-5.36

Norcros ROCE % Calculation

Norcros's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	40.3	/	( ( (443 - 112.7)	+	(425.3 - 99.2) )	/ 2 )
	=	40.3	/	( (330.3	+	326.1)	/ 2 )
	=	40.3	/	328.2
	=	12.28 %

Norcros's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-16.8	/	( ( (425.3 - 99.2)	+	(406.2 - 106) )	/ 2 )
	=	-16.8	/	( ( 326.1	+	300.2 )	/ 2 )
	=	-16.8	/	313.15
	=	-5.36 %

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

Norcros (LSE:NXR) 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.

Norcros ROCE % Related Terms

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Norcros Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Norcros PLC (LSE:NXR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NXRl:UK NXR.GB:UK 3N1N:Germany

Address

Station Road, Ladyfield House, Wilmslow, Cheshire, GBR, SK9 1BU

Website

https://www.norcros.com

Norcros PLC manufactures and markets showers, taps, bathroom accessories, tiles, and adhesives. The company has complementary UK businesses: Triton Showers, Merlyn, Vado, Croydex, Abode, Johnson Tiles, and Norcros Adhesives both for domestic and commercial applications, and three complementary businesses in South Africa: Johnson Tiles South Africa, TAL, and Tile Africa. The Group operates in two main geographical areas: the UK and Ireland and South Africa. The maximum revenue is generated from its business in the United Kingdom.