Nestle Cote d'Ivoire (XBRV:NTLC) ROCE % : 27.55% (As of Dec. 2023)

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What is Nestle Cote d'Ivoire 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. Nestle Cote d'Ivoire's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.55%.

Nestle Cote d'Ivoire ROCE % Historical Data

The historical data trend for Nestle Cote d'Ivoire'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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Nestle Cote d'Ivoire ROCE % Chart

Nestle Cote d'Ivoire Annual Data

Trend

Dec09

Dec10

Dec11

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.74

80.77

39.73

29.50

27.55

Nestle Cote d'Ivoire Semi-Annual Data
	Dec09	Dec10	Dec11	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			-21.74	80.77	39.73	29.50	27.55

Nestle Cote d'Ivoire ROCE % Calculation

Nestle Cote d'Ivoire'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 )
	=	30100	/	( ( (174000 - 66000)	+	(170300 - 59800) )	/ 2 )
	=	30100	/	( (108000	+	110500)	/ 2 )
	=	30100	/	109250
	=	27.55 %

Nestle Cote d'Ivoire'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	30100	/	( ( (174000 - 66000)	+	(170300 - 59800) )	/ 2 )
	=	30100	/	( ( 108000	+	110500 )	/ 2 )
	=	30100	/	109250
	=	27.55 %

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

Nestle Cote d'Ivoire (XBRV:NTLC) 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.

Nestle Cote d'Ivoire ROCE % Related Terms

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Nestle Cote d'Ivoire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nestle Cote d'Ivoire SA (XBRV:NTLC) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Rue du Lycess Technique, Abidjan, CIV

Website

https://www.nestle-cwa.com

Nestle Cote d'Ivoire SA is a food and beverage company. It provides Baby foods, Cereals, Chocolate And Confectionery, Coffee, Culinary, Dairy, and Other products under several brand names such as Golden Morn, Nido, Milo, and Nescafe.

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