Nigerian Exchange Group (NSA:NGXGROUP) ROCE % : 0.00% (As of . 20)

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What is Nigerian Exchange Group 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. Nigerian Exchange Group's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Nigerian Exchange Group ROCE % Historical Data

The historical data trend for Nigerian Exchange Group'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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Nigerian Exchange Group ROCE % Chart

Nigerian Exchange Group Annual Data

Trend

ROCE %

Nigerian Exchange Group Semi-Annual Data

ROCE %

Nigerian Exchange Group ROCE % Calculation

Nigerian Exchange Group's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Nigerian Exchange Group's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (. 20) EBIT data.

Nigerian Exchange Group (NSA:NGXGROUP) 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.

Nigerian Exchange Group ROCE % Related Terms

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Nigerian Exchange Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nigerian Exchange Group PLC (NSA:NGXGROUP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4 Customs Street, Stock Exchange House, Lagos Island, Lagos, NGA, 102273

Website

https://www.ngxgroup.com

Nigerian Exchange Group PLC is a integrated market infrastructure in Africa. It provides a wide range of services including listing and trading securities, licensing, market data solutions, ancillary technology, regulation, real estate, and more.

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