Noodles (Noodles) ROCE % : -6.14% (As of Dec. 2023)

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What is Noodles 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. Noodles's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.14%.

Noodles ROCE % Historical Data

The historical data trend for Noodles'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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Noodles ROCE % Chart

Noodles Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.04

-6.50

2.08

-0.31

-1.73

Noodles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.64	-3.18	-0.39	2.78	-6.14

Noodles ROCE % Calculation

Noodles'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 )
	=	-5.029	/	( ( (343.843 - 64.113)	+	(368.095 - 67.514) )	/ 2 )
	=	-5.029	/	( (279.73	+	300.581)	/ 2 )
	=	-5.029	/	290.1555
	=	-1.73 %

Noodles'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-18.224	/	( ( (368.83 - 75.589)	+	(368.095 - 67.514) )	/ 2 )
	=	-18.224	/	( ( 293.241	+	300.581 )	/ 2 )
	=	-18.224	/	296.911
	=	-6.14 %

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

Noodles (NAS:NDLS) 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.

Noodles ROCE % Related Terms

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Noodles (Noodles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Noodles & Co (NAS:NDLS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NO3:Germany

Address

520 Zang Street, Suite D, Broomfield, CO, USA, 80021

Website

https://www.noodles.com

Noodles & Co is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry. The company's menu includes a variety of cooked-to-order dishes, including noodles and pasta, soups, salads and appetizers. The company also provides dining, pick-up and delivery services.

Executives

Michael Hynes	officer: Chief Financial Officer	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Kline Corey	officer: EVP - Technology	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Thomas B West	officer: EVP - Operations	520 ZANG STREET, SUITE D, BROOMFIELD CO 80021
Mill Road Capital Iii, L.p.	10 percent owner	C/O MILL ROAD CAPITAL MANAGEMENT LLC, 328 PEMBERWICK ROAD, GREENWICH CT 06831
Melissa Heidman	officer: EVP & General Counsel	520 ZANG STREET, UNIT D, BROOMFIELD CO 80021
Kathryn Rae Lockhart	officer: Vice President & Controller	520 ZANG STREET, SUITE D, BROOMFIELD CO 80021
Mill Road Capital Iii Gp Llc	10 percent owner	C/O MILL ROAD CAPITAL MANAGEMENT LLC, 328 PEMBERWICK ROAD, GREENWICH CT 06831
Jeffrey W Jones	director	P O BOX 7, VAIL CO 81658
Shawn A Taylor	director	4931 MENO PARK DRIVE, SUGARLAND TX 77479
Mill Road Capital Ii, L.p.	10 percent owner	382 GREENWICH AVE., SUITE ONE, GREENWICH CT 06830
Sue Petersen	officer: EVP-Inclusion, Divers, People	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
David James Boennighausen	officer: Chief Financial Officer	520 ZANG STREET, SUITE D, BROOMFIELD CO 80021
Catterton-noodles Holdings, Llc	10 percent owner	599 W PUTNAM AVE, STE 200, GREENWICH CT 06831
Carl E Lukach	officer: Chief Financial Officer	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Stacey Pool	officer: Chief Marketing Officer	520 ZANG ST., UNIT D, BROOMFIELD CO 80021