NZX (NZSE:NZX) ROCE % : 10.96% (As of Dec. 2023)

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What is NZX 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. NZX's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.96%.

NZX ROCE % Historical Data

The historical data trend for NZX'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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NZX ROCE % Chart

NZX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.08

23.56

19.74

16.99

11.44

NZX 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															19.46	14.87	12.62	11.39	10.96

NZX ROCE % Calculation

NZX'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 )
	=	24.385	/	( ( (0 - 0)	+	(276.47 - 63.35) )	/ 1 )
	=	24.385	/	( (0	+	213.12)	/ 1 )
	=	24.385	/	213.12
	=	11.44 %

NZX'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 )
	=	23.734	/	( ( (287.222 - 67.43)	+	(276.47 - 63.35) )	/ 2 )
	=	23.734	/	( ( 219.792	+	213.12 )	/ 2 )
	=	23.734	/	216.456
	=	10.96 %

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

NZX (NZSE:NZX) 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.

NZX ROCE % Related Terms

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NZX (NZSE:NZX) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NZX Ltd (NZSE:NZX) » Definitions » ROCE %

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NZSTF:USA

Address

11 Cable Street, Level 1 / NZX Centre, P.O. Box 2959, Wellington, NZL, 6011

Website

https://www.nzx.com

NZX Ltd facilitates capital raising and securities trading. Its main function is to provide a market for the trading, clearing, and settlement of securities. It also provides market data relating to listed companies and indexes. It operates the New Zealand securities, derivatives, and energy markets, builds and maintains the infrastructure on which it operates, and provides a range of information and data to support market growth and development on a scale. NZX also provides wealth management services for New Zealand advisers via its Wealth Technologies business. Its segments include Markets, Funds Management, and Wealth Technologies.

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