New Zealand Kinglmon Investments (NZSE:NZK) ROCE % : 8.92% (As of Jul. 2024)

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What is New Zealand Kinglmon Investments 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. New Zealand Kinglmon Investments's annualized ROCE % for the quarter that ended in Jul. 2024 was 8.92%.

New Zealand Kinglmon Investments ROCE % Historical Data

The historical data trend for New Zealand Kinglmon Investments'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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New Zealand Kinglmon Investments ROCE % Chart

New Zealand Kinglmon Investments Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jan22

Jan23

Jan24

ROCE %

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8.64

11.90

-46.21

2.26

20.74

New Zealand Kinglmon Investments Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
ROCE %	Get a 7-Day Free Trial											-28.15	30.44	16.56	25.54	8.92

New Zealand Kinglmon Investments ROCE % Calculation

New Zealand Kinglmon Investments's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	40.245	/	( ( (201.288 - 22.458)	+	(238.945 - 29.614) )	/ 2 )
	=	40.245	/	( (178.83	+	209.331)	/ 2 )
	=	40.245	/	194.0805
	=	20.74 %

New Zealand Kinglmon Investments's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Jan. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Jan. 2024 )		(Q: Jul. 2024 )
	=	18.8	/	( ( (238.945 - 29.614)	+	(241.398 - 29.186) )	/ 2 )
	=	18.8	/	( ( 209.331	+	212.212 )	/ 2 )
	=	18.8	/	210.7715
	=	8.92 %

(1) Note: The EBIT data used here is two times the semi-annual (Jul. 2024) EBIT data.

New Zealand Kinglmon Investments (NZSE:NZK) 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.

New Zealand Kinglmon Investments ROCE % Related Terms

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New Zealand Kinglmon Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Zealand King Salmon Investments Ltd (NZSE:NZK) » Definitions » ROCE %

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NZK:Australia

Address

17 Bullen Street, Tahunanui, Nelson, STL, NZL, 7011

Website

https://www.kingsalmon.co.nz

New Zealand King Salmon Investments Ltd is engaged in the farming, processing, and sale of salmon products. Its brands include Regal, Southern Ocean, Omega Plus, Ora King, and King Salmon. Its product range includes Whole fish; Fillets, Steaks & Portions; Wood Roasted; Cold Smoked; and Others. Geographically, the company generates majority of its revenue from North America and the rest from Australia, Japan, China, Europe, New Zealand, and other regions.

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