Nu-World Holdings (JSE:NWL) ROCE % : 5.32% (As of Feb. 2024)

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What is Nu-World Holdings 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. Nu-World Holdings's annualized ROCE % for the quarter that ended in Feb. 2024 was 5.32%.

Nu-World Holdings ROCE % Historical Data

The historical data trend for Nu-World Holdings'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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Nu-World Holdings ROCE % Chart

Nu-World Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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18.52

14.11

14.17

7.64

6.07

Nu-World Holdings Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															12.61	3.06	5.72	6.54	5.32

Nu-World Holdings ROCE % Calculation

Nu-World Holdings's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	95.331	/	( ( (1671.186 - 136.871)	+	(1787.164 - 178.686) )	/ 2 )
	=	95.331	/	( (1534.315	+	1608.478)	/ 2 )
	=	95.331	/	1571.3965
	=	6.07 %

Nu-World Holdings's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	84.874	/	( ( (1787.164 - 178.686)	+	(1739.726 - 156.224) )	/ 2 )
	=	84.874	/	( ( 1608.478	+	1583.502 )	/ 2 )
	=	84.874	/	1595.99
	=	5.32 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

Nu-World Holdings (JSE:NWL) 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.

Nu-World Holdings ROCE % Related Terms

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Nu-World Holdings (JSE:NWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nu-World Holdings Ltd (JSE:NWL) » Definitions » ROCE %

Comparable Companies

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N/A

Address

35 - 3rd Street, Wynberg, Sandton, Johannesburg, GT, ZAF, 2199

Website

https://www.nuworld.co.za

Nu-World Holdings Ltd, along with its subsidiaries is engaged in importing, manufacturing, assembling, marketing, and distributing branded consumer goods including consumer electronics, high-technology, small electrical appliances, white goods, liquor, and furniture. It also manufactures kitchenware and Telefunken. The company operates its business in geographic segments that include South Africa, Hong Kong, Australia, and the United Arab Emirates. The South African segment generates maximum revenue for the company.