NGX (NGXLF) ROCE % : -19.12% (As of Dec. 2023)

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What is NGX 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. NGX's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.12%.

NGX ROCE % Historical Data

The historical data trend for NGX'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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NGX ROCE % Chart

NGX Annual Data

Trend

Jun22

Jun23

ROCE %

-47.22

NGX Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-6.25	-42.85	-19.12

NGX ROCE % Calculation

NGX's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.354	/	( ( (0 - 0.102)	+	(10.307 - 0.235) )	/ 2 )
	=	-2.354	/	( (-0.102	+	10.072)	/ 2 )
	=	-2.354	/	4.985
	=	-47.22 %

NGX'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 )
	=	-1.84	/	( ( (10.307 - 0.235)	+	(9.309 - 0.139) )	/ 2 )
	=	-1.84	/	( ( 10.072	+	9.17 )	/ 2 )
	=	-1.84	/	9.621
	=	-19.12 %

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

NGX (OTCPK:NGXLF) 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.

NGX ROCE % Related Terms

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NGX (NGXLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NGX Ltd (OTCPK:NGXLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

V9S:Germany NGX:Australia

Address

28 The Esplanade, Level 9, Perth, WA, AUS, 6000

Website

https://www.ngxlimited.com

NGX Ltd is a graphite explorer and developer. Its projects include Nanzeka Project; Duwi Project; Malingunde Project; and Mabuwa Project.

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