Citizen Investment Trust (XNEP:CIT) ROCE % : 0.62% (As of Jan. 2024)

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What is Citizen Investment Trust 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. Citizen Investment Trust's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.62%.

Citizen Investment Trust ROCE % Historical Data

The historical data trend for Citizen Investment Trust'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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Citizen Investment Trust ROCE % Chart

Citizen Investment Trust Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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11.20

8.85

6.31

-1.02

6.59

Citizen Investment Trust Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															0.68	0.60	1.60	1.07	0.62

Citizen Investment Trust ROCE % Calculation

Citizen Investment Trust's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	1573.958	/	( ( (22686.269 - 0)	+	(25072.705 - 0) )	/ 2 )
	=	1573.958	/	( (22686.269	+	25072.705)	/ 2 )
	=	1573.958	/	23879.487
	=	6.59 %

Citizen Investment Trust's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	1499.24	/	( ( (251075.402 - 13072.346)	+	(253130.463 - 7304.38) )	/ 2 )
	=	1499.24	/	( ( 238003.056	+	245826.083 )	/ 2 )
	=	1499.24	/	241914.5695
	=	0.62 %

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

Citizen Investment Trust (XNEP:CIT) 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.

Citizen Investment Trust ROCE % Related Terms

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Citizen Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Citizen Investment Trust (XNEP:CIT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Baneshwor, P.O.Box 5823, Kathmandu, NPL

Website

https://www.nlk.org.np

Citizen Investment Trust is an investment trust. It operates and manages various types of retirement schemes / programs, unit schemes and mutual fund program for both domestic and foreign investors.