Nanofilm Technologies International (SGX:MZH) ROCE % : 4.36% (As of Dec. 2023)

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What is Nanofilm Technologies International 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. Nanofilm Technologies International's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.36%.

Nanofilm Technologies International ROCE % Historical Data

The historical data trend for Nanofilm Technologies International'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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Nanofilm Technologies International ROCE % Chart

Nanofilm Technologies International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.69

22.46

13.67

8.37

0.89

Nanofilm Technologies International Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							18.67	6.99	9.73	-2.55	4.36

Nanofilm Technologies International ROCE % Calculation

Nanofilm Technologies International'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 )
	=	5.045	/	( ( (617.865 - 57.691)	+	(621.499 - 45.825) )	/ 2 )
	=	5.045	/	( (560.174	+	575.674)	/ 2 )
	=	5.045	/	567.924
	=	0.89 %

Nanofilm Technologies International'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 )
	=	23.806	/	( ( (557.204 - 41.41)	+	(621.499 - 45.825) )	/ 2 )
	=	23.806	/	( ( 515.794	+	575.674 )	/ 2 )
	=	23.806	/	545.734
	=	4.36 %

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

Nanofilm Technologies International (SGX:MZH) 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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Nanofilm Technologies International (SGX:MZH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanofilm Technologies International Ltd (SGX:MZH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

11 Tai Seng Drive, Singapore, SGP, 535226

Website

https://www.nti-nanofilm.com

Nanofilm Technologies International Ltd is a provider of nanotechnology solutions in Asia. Its solutions serve as key catalysts enabling customers to achieve high value-add advancements in their end-products in an environmentally sustainable manner. The company operates in three segments: advanced materials BU, Nanofabrication BU, Sydrogen BU and Industrial equipment BU . The majority of its revenue comes from the advanced materials BU segment, which provides advanced materials through surface solution services based on its vacuum coating technologies and processes. Geographically, the company generates revenue from Singapore, Japan, Vietnam and China being the majority revenue generator.

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