National Aluminum Products CoOG (MUS:NAPI) ROCE % : -48.61% (As of Mar. 2023)

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What is National Aluminum Products CoOG 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 Aluminum Products CoOG's annualized ROCE % for the quarter that ended in Mar. 2023 was -48.61%.

National Aluminum Products CoOG ROCE % Historical Data

The historical data trend for National Aluminum Products CoOG'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 Aluminum Products CoOG ROCE % Chart

National Aluminum Products CoOG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec22

Dec23

ROCE %

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17.92

4.41

0.64

-38.09

-158.08

National Aluminum Products CoOG Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar22	Jun22	Dec22	Mar23	Dec23
ROCE %	Get a 7-Day Free Trial															-10.42	-97.87	-	-48.61	-

National Aluminum Products CoOG ROCE % Calculation

National Aluminum Products CoOG'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 )
	=	-2.044	/	( ( (0 - 0)	+	(21.792 - 20.499) )	/ 1 )
	=	-2.044	/	( (0	+	1.293)	/ 1 )
	=	-2.044	/	1.293
	=	-158.08 %

National Aluminum Products CoOG's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-0.924	/	( ( (0 - 0)	+	(27.218 - 25.317) )	/ 1 )
	=	-0.924	/	( ( 0	+	1.901 )	/ 1 )
	=	-0.924	/	1.901
	=	-48.61 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

National Aluminum Products CoOG (MUS:NAPI) 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 Aluminum Products CoOG ROCE % Related Terms

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National Aluminum Products CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » National Aluminum Products Co SAOG (MUS:NAPI) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Road No. 7 , Next to Raha Polyproducts, 7 Rusayl Industrial Estate, P.O. Box 15, Rusayl, OMN, 124

Website

https://www.napcooman.com

National Aluminum Products Co SAOG is engaged in the manufacturing and sale of aluminum and its related products. The company offers a range of aluminum profile extrusions in finishes that help in functional modern design specifications. Its various processes include extrusion process, anodizing, powder coating, wood finish, thermal crimping and packaging and delivery. The extrusion presses are complemented by one anodizing line and two powder coating lines. In addition, the company also houses two wood finish lines and a crimping and bending facility.

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