Channel Infrastructure NZ (NZSE:CHI) ROCE % : 5.72% (As of Dec. 2023)

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What is Channel Infrastructure NZ 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. Channel Infrastructure NZ's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.72%.

Channel Infrastructure NZ ROCE % Historical Data

The historical data trend for Channel Infrastructure NZ'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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Channel Infrastructure NZ ROCE % Chart

Channel Infrastructure NZ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.52

-23.80

-79.48

3.68

5.89

Channel Infrastructure NZ Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-161.13	2.38	4.50	6.31	5.72

Channel Infrastructure NZ ROCE % Calculation

Channel Infrastructure NZ'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 )
	=	52.037	/	( ( (946.928 - 55.9)	+	(973.455 - 97.984) )	/ 2 )
	=	52.037	/	( (891.028	+	875.471)	/ 2 )
	=	52.037	/	883.2495
	=	5.89 %

Channel Infrastructure NZ'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 )
	=	49.238	/	( ( (957.064 - 110.288)	+	(973.455 - 97.984) )	/ 2 )
	=	49.238	/	( ( 846.776	+	875.471 )	/ 2 )
	=	49.238	/	861.1235
	=	5.72 %

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

Channel Infrastructure NZ (NZSE:CHI) 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.

Channel Infrastructure NZ ROCE % Related Terms

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Channel Infrastructure NZ (NZSE:CHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Channel Infrastructure NZ Ltd (NZSE:CHI) » Definitions » ROCE %

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NZRFF:USA

Address

Private Bag 9024, Ruakaka, Whangarei, NTL, NZL, 0148

Website

https://www.channelnz.com

Channel Infrastructure NZ Ltd is an independent fuel infrastructure company. The company utilizes the deep-water harbour and jetty infrastructure at Marsden Point to receive, store and distribute imported refined fuel, which is owned by customers.

Channel Infrastructure NZ (NZSE:CHI) Headlines

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