Notore Chemical Industries (NSA:NOTORE) ROCE % : -137.61% (As of Dec. 2023)

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What is Notore Chemical Industries 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. Notore Chemical Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was -137.61%.

Notore Chemical Industries ROCE % Historical Data

The historical data trend for Notore Chemical Industries'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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Notore Chemical Industries ROCE % Chart

Notore Chemical Industries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Dec23

ROCE %

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2.48

1.12

1.91

-45.16

Notore Chemical Industries Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-20.07	-3.68	-15.60	-10.15	-137.61

Notore Chemical Industries ROCE % Calculation

Notore Chemical Industries'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 )
	=	-90722.191	/	( ( (279211.168 - 88280.533)	+	(352451.831 - 141575.25) )	/ 2 )
	=	-90722.191	/	( (190930.635	+	210876.581)	/ 2 )
	=	-90722.191	/	200903.608
	=	-45.16 %

Notore Chemical Industries'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-304049.292	/	( ( (343622.807 - 112596.419)	+	(352451.831 - 141575.25) )	/ 2 )
	=	-304049.292	/	( ( 231026.388	+	210876.581 )	/ 2 )
	=	-304049.292	/	220951.4845
	=	-137.61 %

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

Notore Chemical Industries (NSA:NOTORE) 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.

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Notore Chemical Industries (NSA:NOTORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Notore Chemical Industries PLC (NSA:NOTORE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Notore Industrial Complex, Onne, Rivers State, NGA

Website

https://www.notore.com

Notore Chemical Industries PLC is a Nigerian company that manufactures chemical products. The company manufactures, treats, processes, produces, supplies and deals in nitrogenous fertilizers and all substances suited to improving the fertility of soil and water. It generates maximum revenue from Urea and other chemicals. The company offers products including NPK, Ammonia and Urea, and other chemicals. Geographically, it derives a majority of revenue from Nigeria.

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