NGX (STU:V9S) ROCE % : -19.07% (As of Dec. 2023)

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What is NGX 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. NGX's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.07%.

NGX ROCE % Historical Data

The historical data trend for NGX'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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NGX ROCE % Chart

NGX Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-47.24

-19.59

NGX Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-6.25	-42.36	-19.07	-20.40

NGX ROCE % Calculation

NGX's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.173	/	( ( (0 - 0.096)	+	(9.513 - 0.217) )	/ 2 )
	=	-2.173	/	( (-0.096	+	9.296)	/ 2 )
	=	-2.173	/	4.6
	=	-47.24 %

NGX'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 )
	=	-1.688	/	( ( (9.513 - 0.217)	+	(8.537 - 0.128) )	/ 2 )
	=	-1.688	/	( ( 9.296	+	8.409 )	/ 2 )
	=	-1.688	/	8.8525
	=	-19.07 %

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

NGX (STU:V9S) 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.

NGX ROCE % Related Terms

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NGX Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NGX Ltd (STU:V9S) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NGXLF:USA NGX:Australia

Address

28 The Esplanade, Level 9, Perth, WA, AUS, 6000

Website

https://www.ngxlimited.com

NGX Ltd is a graphite explorer and developer. Its projects include Nanzeka Project; Duwi Project; Malingunde Project; Uranium Project; Graphite Project; Mabuwa Project and Others.

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