NRGene Technologies (XTAE:NRGN) ROCE % : -60.87% (As of Dec. 2023)

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What is NRGene Technologies 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. NRGene Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -60.87%.

NRGene Technologies ROCE % Historical Data

The historical data trend for NRGene Technologies'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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NRGene Technologies ROCE % Chart

NRGene Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-94.19

-36.74

-48.49

NRGene Technologies Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-33.55	-37.39	-37.62	-38.82	-60.87

NRGene Technologies ROCE % Calculation

NRGene Technologies'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 )
	=	-18.961	/	( ( (63.572 - 14.328)	+	(39.63 - 10.665) )	/ 2 )
	=	-18.961	/	( (49.244	+	28.965)	/ 2 )
	=	-18.961	/	39.1045
	=	-48.49 %

NRGene Technologies'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 )
	=	-20.75	/	( ( (50.398 - 11.18)	+	(39.63 - 10.665) )	/ 2 )
	=	-20.75	/	( ( 39.218	+	28.965 )	/ 2 )
	=	-20.75	/	34.0915
	=	-60.87 %

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

NRGene Technologies (XTAE:NRGN) 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.

NRGene Technologies ROCE % Related Terms

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NRGene Technologies (XTAE:NRGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NRGene Technologies Ltd (XTAE:NRGN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Golda Meir Street, Ness-Ziona, ISR, 7403649

Website

https://www.nrgene.com

NRGene Technologies Ltd is engaged in the development of artificial intelligence-based software for the analysis of genetic information in order to improve species of plants and animals.

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