Novus Properties (XMAU:NOV) ROCE % : 6.03% (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Novus Properties 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. Novus Properties's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.03%.

Novus Properties ROCE % Historical Data

The historical data trend for Novus Properties'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.

* Premium members only.

Novus Properties ROCE % Chart

Novus Properties Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

5.70

5.44

5.07

7.27

13.88

Novus Properties Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															6.26	7.77	42.51	6.19	6.03

Novus Properties ROCE % Calculation

Novus Properties'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 )
	=	26.671	/	( ( (210.705 - 45.467)	+	(228.346 - 9.405) )	/ 2 )
	=	26.671	/	( (165.238	+	218.941)	/ 2 )
	=	26.671	/	192.0895
	=	13.88 %

Novus Properties's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	13.16	/	( ( (230.345 - 9.283)	+	(225.654 - 10.46) )	/ 2 )
	=	13.16	/	( ( 221.062	+	215.194 )	/ 2 )
	=	13.16	/	218.128
	=	6.03 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Novus Properties (XMAU:NOV) 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.

Novus Properties ROCE % Related Terms

Thank you for viewing the detailed overview of Novus Properties's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Novus Properties (XMAU:NOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Novus Properties Ltd (XMAU:NOV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Le Caudan Waterfront, 6th/7th Floor, Dias Pier Building, Port Louis, MUS, 11307

Website

https://www.novusproperties.mu

Novus Properties Ltd is engaged in acquiring, investing, and holding an investment in real estate located in Mauritius. It invests mainly in the Offices and Light Industrial sectors. The company generates the majority revenue from the rental income.